TMX Group’s chief executive, Tom Kloet, will remain in charge of the company running the TSX after Maple takes over later this year.
The consortium of banks, pension funds and investment firms says Kloet will be named CEO of Maple if enough shareholders tender their shares to the takeover offer by the end of the month.
Kloet’s executive team would also join him at Maple, which expects to change its name to TMX Group Ltd. in August.
Maple cleared its last major regulatory hurdles yesterday when regulators in B.C. and Alberta signed off on the takeover deal.
Read: BCSC and ASC approve Maple TMX deal
Originally published on Advisor.ca
