Bloomberg News

Maple Consortium Raises TMX Offer to C$50 a Share, Tops LSE Bid

June 22, 2011

June 22 (Bloomberg) -- Canadian consortium Maple Group, vying with London Stock Exchange Group Plc for TMX Group Inc., raised its offer to C$50 a share from C$48 a share.

LSE’s offer is valued at C$48.90 a share if a special dividend announced today is included, according to Bloomberg data.

Maple also increased the number of shares to be purchased for cash under the offer to a maximum of 80 percent from 70 percent.

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To contact the editor responsible for this story: Vivek Shankar at vshankar3@bloomberg.net


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