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TMX Obstacle Boosts LSE’s Offer

By 27 May, 2011June 6th, 2017News

The Deal

Laura Board of The Deal looks at the more technical aspects of the London Stock Exchange’s bid for TMX. The article initially reviews what has happened to the LSE’s share price since the exchange’s offer for the Canadian TMX Group. It then goes on to reflect on the a rumor that the LSE had potentially become a bid target of Nasdaq OMX Group Inc, or perhaps another exchange.

GreySpark maintains that TMX is regarded as a critical piece of the Canadian market infrastructure, and subsequently the members of TMX do not want the merger with LSE to happen. Luck will be needed by the LSE for the deal to go through. The article goes on to look at the more competitive aspects of the bid from LSE, and the retort from Maple Group, the consortium of Canadian banks and pension funds. Should the LSE bid fail, the article surmises that the LSE might become a target from Nasdaq, ASX Ltd., Singapore Exchange Ltd. or the Tokyo Stock Exchange, with GreySpark adding that an offer from a combined NYSE Euronext-Deutsche Börse AG is also conceivable.

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