NEW YORK/TORONTO (Reuters) – The head of Canadian market operator TMX Group Inc (X.TO: Quote, Profile, Research, Stock Buzz) said on Friday it is full steam ahead for his company’s friendly takeover by London Stock Exchange Group Plc (LSE.L: Quote, Profile, Research, Stock Buzz) even though a hostile bid for TMX could come “any day now.”

The expected $3.7 billion counteroffer from the Maple Group consortium of Canadian banks and pension funds will throw a new hurdle in the path of the LSE’s offer to buy the Toronto Stock Exchange parent for about $3.5 billion.

NEW YORK/TORONTO, June 10 (Reuters) – The head of Canadian
market operator TMX Group Inc (X.TO: Quote, Profile, Research, Stock Buzz) said on Friday it is full
steam ahead for his company’s friendly takeover by London Stock
Exchange Group Plc (LSE.L: Quote, Profile, Research, Stock Buzz) even though a hostile bid for TMX
could come “any day now.”

The expected $3.7 billion counteroffer from the Maple Group
consortium of Canadian banks and pension funds will throw a new
hurdle in the path of the LSE’s offer to buy the Toronto Stock
Exchange parent for about $3.5 billion.

TORONTO (Reuters) – A shareholder vote on the London Stock Exchange’s $3.5 billion (2.1 billion pounds) takeover bid for Canada’s TMX Group (X.TO: Quote, Profile, Research) is less than a month away, but investor Chris Damas still can’t make up his mind. He’s not alone.

Shareholders in the company that operates the Toronto Stock Exchange have yet to rally around either the LSE’s (LSE.L: Quote, Profile, Research) friendly bid or a hostile $3.7 billion offer from Maple Group Acquisition Corp, a consortium of Canadian banks and pension funds.

TORONTO (Reuters) – A shareholder vote on the London Stock Exchange’s $3.5 billion takeover bid for Canada’s TMX Group (X.TO: Quote, Profile, Research, Stock Buzz) is less than a month away, but investor Chris Damas still can’t make up his mind. He’s not alone.

Shareholders in the company that operates the Toronto Stock Exchange have yet to rally around either the LSE’s (LSE.L: Quote, Profile, Research, Stock Buzz) friendly bid or a hostile $3.7 billion offer from Maple Group Acquisition Corp, a consortium of Canadian banks and pension funds.

TORONTO, June 6 (Reuters) – A shareholder vote on the
London Stock Exchange’s $3.5 billion takeover bid for Canada’s
TMX Group (X.TO: Quote, Profile, Research) is less than a month away, but investor Chris
Damas still can’t make up his mind. He’s not alone.

Shareholders in the company that operates the Toronto Stock
Exchange have yet to rally around either the LSE’s (LSE.L: Quote, Profile, Research)
friendly bid or a hostile $3.7 billion offer from Maple Group
Acquisition Corp, a consortium of Canadian banks and pension
funds.

NEW YORK/TORONTO (Reuters) – TMX Group Inc (X.TO: Quote, Profile, Research) faces a giant hurdle to win over shareholders ahead of a vote on London Stock Exchange’s (LSE.L: Quote, Profile, Research) $3 billion (1 billion pounds) bid for Canada’s market operator, the head of Toronto Dominion Bank (TD.TO: Quote, Profile, Research) said on Friday.

TD Chief Executive Ed Clark, who is part of the so-called Maple Group consortium of nine Canadian banks and pension funds that is pitching a rival bid to shareholders, said it was unfortunate that TMX and LSE had set a June 30 vote date for shareholders — well before federal and provincial regulators are likely to rule on the deal.

TORONTO/LONDON, May 26 (Reuters) – There’s no clear winner
between the two bids for Toronto’s main exchange operator, as
price, a monopoly position and the possible reaction to the
loss of a national treasure play into investors’ decision.

Accepting a $3 billion friendly offer for TMX Group (X.TO: Quote, Profile, Research, Stock Buzz)
from the London Stock Exchange (LSE.L: Quote, Profile, Research, Stock Buzz) at a fast-track
shareholders meeting on June 30 would leave the final decision
in the hands of Canadian regulators who must assess if the
takeover is in the country’s best interests.

TORONTO (Reuters) – A proposal by a group of Canadian banks and pension funds to take over the operator of the Toronto Stock Exchange offers cost savings and opportunities for international growth, the group said on Monday.

A consortium calling itself the Maple Group Acquisition Corp is proposing a C$3.6 billion ($3.7 billion) deal to buy TMX Group, aiming to derail a $3 billion friendly bid for the exchange operator by the London Stock Exchange.

TORONTO (Reuters) – Alpha Group, an alternative trading system at the center of a takeover proposal for the operator of the Toronto Stock Exchange, said on Monday it was too soon to say if such a deal would trigger competition issues.

Alpha, which has taken nearly 20 percent of the market for Canadian stock trading since it opened in 2007, is owned by many of the same Canadian banks and pension funds that would buy the TMX Group under a proposal put forward by Maple Group Acquisition Corp.

LONDON/TORONTO (Reuters) – The London Stock Exchange and Canada’s TMX Group reported forecast-beating results on Friday as they applied for regulatory approval of their $3 billion deal to join forces.

Shares of the exchanges, both pressured by competition from alternative trading upstarts, rose after the results.