Maple Group extends TMX bid

Maple Group, the consortium of 13 financial institutions and pension funds looking to take control of the company that runs the Toronto Stock Exchange, extended its offer Thursday to Oct. 31. The proposal to acquire up to 80% of the shares of TMX Group Inc. was set to expire Friday.

The offer is part of an integrated acquisition transaction, valued at approximately $3.8 billion, to acquire 100% of TMX Group shares.

The investors in Maple Group Acquisition Corporation are: Alberta Investment Management Corporation, Caisse de dépôt et placement du Québec, CPPIB, CIBC World Markets Inc., Desjardins Financial Group, Dundee Capital Markets Inc., Fonds de solidarité des travailleurs du Québec (F.T.Q.), GMP Capital Inc., National Bank Financial Inc., Ontario Teachers’ Pension Plan, Scotia Capital Inc., TD Securities Inc. and The Manufacturers Life Insurance Company.

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