Court OKs TMX Group Arrangement

Jack Humphrey, Regulatory journalist
September 13, 2012 /

TMX Group Inc. has obtained a final order from the Ontario Superior Court of Justice approving the previously announced arrangement under the Business Corporations Act (Ontario) involving TMX Group Inc. and TMX Group Limited (formerly Maple Group Acquisition Corporation).

Under the arrangement, TMX Group Limited will acquire all of the outstanding common shares of TMX Group Inc. (other than common shares held by TMX Group Limited) in exchange for common shares of TMX Group Limited on a one-for-one basis.

It is expected that the Arrangement will close on or about September 14, 2012, following the satisfaction of customary conditions.

Following completion of the Arrangement, it is anticipated that the TMX Group Limited shares will be listed on the Toronto Stock Exchange, the TMX Group Inc. shares will be delisted from Toronto Stock Exchange and TMX Group Inc. will cease to be a reporting issuer.

 

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