Bloomberg News

TMX Chief Kloet Sees ‘Great Deal of Regulatory Uncertainty’

September 28, 2011

Sept. 28 (Bloomberg) -- TMX Group Inc. Chief Executive Officer Thomas Kloet said there is regulatory uncertainty in potential takeover offers for the operator of the Toronto Stock Exchange.

“There is a great deal of regulatory uncertainty with regard to any of these acquisitions,” Kloet said today in an interview with Bloomberg Television in New York.

Maple Group Acquisition Corp., 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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