Opérations et transactions|10 août 2012
Maple Group completes offer for TMX Group
Torys acted as counsel to TMX Group with a team that included Richard Balfour, Sharon Geraghty, Aaron Emes, Philip Mohtadi, Morgan Crockett, Catherine de Giusti, Jim MIller, Dean Kotwal, Robbie Leibel, Will Hooper, Josh Lavine (M&A/Securities), Omar Wakil, Jay Holsten, Linda Plumpton, Justin Necpal (anti-trust), Jim Welkoff, Kathy Moore, Catrina Card (Canadian Tax), James Guadiana, David Mattingly (U.S. tax), Myriam Seers (Arrangement Proceedings), Tom Zverina, Simon Williams (Lending), Andy Beck (U.S. Securities), Ebad Rahman (IP), Wilfred Estey, John Cameron and Scott Bell (Legal Research).
On July 31, 2012, Maple Group Acquisition Corporation (Maple) and TMX Group Inc. (TMX Group) announced that all of the conditions to Maple's offer to acquire up to 80% of the TMX Group shares for C$50 per share in cash (including the receipt of all regulatory approvals) have been satisfied. The takeover offer is worth about C$3.8 billion. Approximately 91% of the outstanding TMX Group shares have been deposited under the offer, satisfying the minimum tender condition. Maple has taken up all TMX Group shares deposited under the offer and has extended the offer until August 10, 2012, in accordance with the terms of the offer.
A new Board of Directors has been appointed for Maple, TMX Group and its principal operating subsidiaries, and the new Board will name TMX Group officers as officers of Maple.
Maple completed the acquisitions of Alpha Trading Systems Inc. and Alpha Trading Systems Limited Partnership (collectively, Alpha) and The Canadian Depository for Securities Limited (CDS) on August 1, 2012. As previously announced, Maple will be renamed "TMX Group Limited" on August 10, 2012.
The investors in Maple Group Acquisition Corporation are: Alberta Investment Management Corporation, Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board, CIBC World Markets Inc., Desjardins Financial Group, Dundee Capital Markets Inc., Fonds de solidarité des travailleurs du Québec (F.T.Q.), National Bank Financial & Co. Inc., Ontario Teachers' Pension Plan, Scotia Capital Inc., TD Securities Inc. and The Manufacturers Life Insurance Company.
TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. The company owns and operates cash, derivatives and energy markets and clearing houses in Canada and the United States.
Further information can be found on the websites of Canada Newswire, The Globe and Mail and TMX Group.
A new Board of Directors has been appointed for Maple, TMX Group and its principal operating subsidiaries, and the new Board will name TMX Group officers as officers of Maple.
Maple completed the acquisitions of Alpha Trading Systems Inc. and Alpha Trading Systems Limited Partnership (collectively, Alpha) and The Canadian Depository for Securities Limited (CDS) on August 1, 2012. As previously announced, Maple will be renamed "TMX Group Limited" on August 10, 2012.
The investors in Maple Group Acquisition Corporation are: Alberta Investment Management Corporation, Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board, CIBC World Markets Inc., Desjardins Financial Group, Dundee Capital Markets Inc., Fonds de solidarité des travailleurs du Québec (F.T.Q.), National Bank Financial & Co. Inc., Ontario Teachers' Pension Plan, Scotia Capital Inc., TD Securities Inc. and The Manufacturers Life Insurance Company.
TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. The company owns and operates cash, derivatives and energy markets and clearing houses in Canada and the United States.
Further information can be found on the websites of Canada Newswire, The Globe and Mail and TMX Group.