Opérations et transactions|5 avril 2013
TMX Group expands into Transfer Agent Business
Torys acted as counsel to TMX Group with a team that included Aaron Emes, Catherine De Giusti (corporate), Blair Keefe, Eli Monas (financial institution regulatory matters), Kathy Moore, Catrina Card (tax), Dan Logan, Ed Fan, Steven Slavens (IP and IT), Mitch Frazer and Tom Stevenson (employment/pensions).
On April 5, 2013, TMX Group Limited (TMX) announced that it completed its previously announced acquisition of the transfer agent and corporate trust services business from Equity Financial Holdings Inc. (Equity).
The Equity business, now named TMX Equity Transfer Services, is now part of the portfolio of services provided by TMX Group to companies listed on Toronto Stock Exchange and TSX Venture Exchange. These services also include investor relations, design services, shareholder data and tracking, and market analytics.
The closing— which was subject to closing conditions that were satisfied, including certain consents and an Equity shareholder vote in favour of the transaction —was completed as per the terms announced on February 13, 2013.Under the terms of the agreement TMX Group paid C$64 million for the assets, which was funded from existing cash and credit facilities.
TMX Group Limited operates cash and derivative markets for various assets classes primarily in Canada.
Equity Financial Holdings Inc. is a Canadian financial services company that serves corporate, institutional and retail clients.
Further information can be found on TMX's website.
The Equity business, now named TMX Equity Transfer Services, is now part of the portfolio of services provided by TMX Group to companies listed on Toronto Stock Exchange and TSX Venture Exchange. These services also include investor relations, design services, shareholder data and tracking, and market analytics.
The closing— which was subject to closing conditions that were satisfied, including certain consents and an Equity shareholder vote in favour of the transaction —was completed as per the terms announced on February 13, 2013.Under the terms of the agreement TMX Group paid C$64 million for the assets, which was funded from existing cash and credit facilities.
TMX Group Limited operates cash and derivative markets for various assets classes primarily in Canada.
Equity Financial Holdings Inc. is a Canadian financial services company that serves corporate, institutional and retail clients.
Further information can be found on TMX's website.