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TSX Group Inc. today marks the next milestone towards approval of its agreement to combine with Montreal Exchange Inc. to create the new TMX Group Inc., as announced December 10, 2007.
MX today has mailed to its shareholders and filed with regulatory authorities its Notice of a special general meeting of MX shareholders and accompanying Management Proxy Circular. The Circular gives notice of the shareholder meeting to be held in Montréal on February 13, 2008, for the purpose of considering and voting on the combination. The transaction must be approved by 66 2/3% of the votes cast by shareholders at the February 13, 2008 meeting to be implemented. In addition, the completion of the transaction is subject to regulatory approval including from Quebec’s AMF.
The Circular outlines in detail the reasons why the Board of Directors of MX unanimously recommends that shareholders vote in favour of the transaction.
“We believe the combination will provide great benefits for shareholders, Quebec and Canadian capital markets," said Michael Ptasznik, Interim Co-CEO, TSX Group Inc. “We are pleased the transaction is progressing along our anticipated timelines and we are continuing to target completion of the transaction in Q1 of this year.”
Copies of the Notice and the Circular are available on www.sedar.com and www.sec.gov as well as on www.m-x.ca.
