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Maple Group Acquisition Corporation ("Maple"), a corporation whose investors comprise 13 of Canada’s leading financial institutions and pension funds, today announced that it has extended its offer to acquire a minimum of 70% and a maximum of 80% of the shares of TMX Group Inc. ("TMX Group") (TSX: X) to September 30, 2011 unless further extended or withdrawn. The offer is part of an integrated acquisition transaction, valued at approximately $3.8 billion, to acquire 100% of TMX Group shares.
During this extension, Maple intends to continue to work on obtaining the required regulatory approvals for the TMX Group acquisition, including from the securities regulatory authorities and the Competition Bureau. If the required regulatory approval process has not been completed by September 30, Maple's current intention would be to further extend its offer. Maple remains committed to its offer and is confident it can secure all necessary regulatory approvals by late fall.
Maple will shortly mail a formal Notice of Extension to all registered TMX Group shareholders. A copy will also be filed on SEDAR and made available at www.abetterexchange.com.
Details of Maple’s offer are available in its Offer and Circular documents dated June 10, 2011, as varied by a notice of variation dated June 24, 2011. These documents have been filed on SEDAR and sent to TMX Group shareholders, and are also available at www.abetterexchange.com.
