Reuters: Mergers News: Maple says it aims to extend TMX takeover bid

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Maple says it aims to extend TMX takeover bid Apr 27th 2012, 18:18 TORONTO, April 27 | Fri Apr 27, 2012 2:18pm EDT TORONTO, April 27 (Reuters) - A consortium bidding for TMX Group said on Friday it aims to extend its $3.8 billion bid for Canada's biggest stock exchange operator beyond Monday's deadline, but it could not yet assure that it would do so as it works through regulatory hurdles that long delayed the deal. Maple Group, comprised of 13 Canadian financial institutions, said Canada's Competition Bureau and the Ontario Securities Commission have informed it that they are coordinating their reviews of the proposed takeover. Shares of TMX rose about 6 percent to C$45.26 on the Toronto Stock Exchange soon after Maple's statement.

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