Maple And TMX Group Announce Completion Of Offer
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, IN, INTO OR FROM ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
- 80% of outstanding TMX Group shares acquired under Maple offer
- Maple renamed TMX Group Limited
TORONTO, Aug. 10, 2012 /CNW/ - TMX Group Limited, formerly Maple Group Acquisition Corporation ("Maple"), and TMX Group Inc. ("TMX Group") today announced the expiry of the deposit extension period in respect of Maple's offer to acquire up to 80% of the TMX Group shares for $50 per share in cash. Approximately 95.4% of the outstanding TMX Group shares have been deposited under the Maple offer. In accordance with the terms of the offer, Maple has acquired 80% of the outstanding TMX Group shares, and the remaining TMX Group shares deposited under the Maple offer but not acquired by Maple will be returned to TMX Group shareholders. All TMX Group shares that were not acquired by Maple under the offer will be exchanged for shares of Maple on a one-for-one basis pursuant to the subsequent arrangement, as described below.
In addition, Maple was formally renamed TMX Group Limited today, as previously disclosed.
Tom Kloet, Chief Executive Officer of Maple and TMX Group said:
"Our shareholders have overwhelmingly supported the transaction. Work is underway to identify and achieve synergies as well as to chart a path forward for the combined enterprise that serves all participants and clients across Canada and worldwide. A successful integration with tight operational execution combined with innovative product and solution development are our foremost priorities." Further Details Approximately 87.2% of the outstanding TMX Group shares were deposited under the Full Deposit Election made available under the offer, and approximately 8.2% of the outstanding TMX Group shares were deposited under the Minimum Deposit Election.Select the service that is right for you!
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