4 new firms join bid for tmx group
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

4 new firms join bid for TMX group

Egypt Today, egypt today

Egypt Today, egypt today 4 new firms join bid for TMX group

Toronto - Arabstoday

Four new financial companies have joined a rival Canadian-only bid for the TMX Group that could block a proposed merger of the Toronto and London stock exchanges. Maple Group Acquisition Corp announced on Sunday that Desjardins Financial Group, Dundee Capital Markets, GMP Capital Inc and Manulife Financial have signed on as investors. Manulife is Canada's largest insurance company and Desjardins the biggest credit union, with major financial operations in Quebec. Dundee and GMP are smaller wealth managers. Maple Article continues below Maple, made up of a who's who of Canada's major financial players including several major banks has put forward a C$3.6 billion (Dh13.7 billion) bid to acquire TMX Group, which owns the Toronto exchange. TMX rejected the bid, saying there are too many uncertainties, including regulatory and debt risks. The bid from the London Stock Exchange (LSE) is worth about $3 billion. The Maple bid is meant to keep TMX in Canadian hands after many bank and government officials raised concerns about the so-called "merger of equals" with the London Stock Exchange, which is technically a takeover by the British operator.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

4 new firms join bid for tmx group 4 new firms join bid for tmx group



 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday