Bloomberg News

TMX Chief Kloet Says Maple Group Takeover Bid ‘Not a Bluff’

September 28, 2011

Sept. 28 (Bloomberg) -- TMX Group Inc. Chief Executive Officer Thomas Kloet said a takeover offer from Maple Group Acquisition Corp. is a legitimate bid.

“I do not view it as a bluff, frankly,” Kloet said today in an interview with Bloomberg Television in New York.

Maple, a group of 13 Canadian financial-services companies including Toronto-Dominion Bank and Manulife Financial Corp., has offered to buy TMX for C$3.73 billion ($3.65 billion).

--Editor: Andrew Rummer

To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net

To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; David Scheer at dscheer@bloomberg.net.


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