Mergers & Acquisitions

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Market Insights

TMX deal a threat to financing: Prentice

Reader Alert: Make your views known on the TMX-LSE story. Post your thoughts at the bottom of this story and vote in our poll here. With the right fiscal foundation, Canada can successfully meet the challenges of new domestic and global investment boom, according Jim Prentice, senior executive vice president and vice chairman of CIBC. […]

By Vikram Barhat |March 9, 2011

3 min read

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TMX deal needs closer scrutiny: Alpha

One of the leading competitors to the TMX Group says the proposed merger of the exchange with the London Stock Exchange comes as no surprise and even welcomes the news, so long as the deal is stripped of certain strategic assets. Mergers among traditional exchanges are not surprising, according to Jos Schmitt, CEO of Alpha […]

By Steven Lamb |March 8, 2011

2 min read

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Market Insights

Kloet seeks to allay merger fears

The head of the Toronto Stock Exchange has responded to criticism of his plan to merge the TMX Group with the London Stock Exchange Group, saying the deal will “deliver clear and significant benefits to Ontario.” Chief executive Tom Kloet appeared before the provincial legislature’s select committee, along with Xavier Rolet, CEO of the London […]

By Steven Lamb |March 2, 2011

2 min read

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OSC to review TMX-LSE deal

The TMX-LSE merger is coming under the microscope as the Ontario Securities Commission (OSC) prepares to scrutinize various policy issues associated with the transaction. The OSC intensified the push for its ambitious policy agenda in market regulation since the announcement of the TMX-LSE transaction on February 9, said Howard Wetston, chair and CEO of OSC, […]

By Vikram Barhat |February 23, 2011

4 min read

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WFG pref-holder rejects Desjardins terms

The Desjardins Financial takeover of Western Financial Group has hit a small snag, with one long-term fixed income holder recommending that others not sell their preferred shares. Crystalline Management Inc., portfolio manager of the Amethyst Arbitrage Fund, says it agrees that the offer made for common shares is fair, but suggests there are better alternatives […]

By Staff |February 22, 2011

1 min read

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M&A deals point to tech strength

Technology deals soared to US$119 billion in 2010, as the push for smart technology drove global M&A deal value and set the stage for a robust 2011, according to a recent report by Ernst & Young. “Last year’s deals reflect the demand for smart everything,” says Karen Atkinson, partner and national technology industry leader with […]

By Vikram Barhat |February 15, 2011

2 min read

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Market Insights

TMX makes Australian investment

In the same week that the TMX Group announced plans to merge with LSE Group, the Canadian exchange operator announced the acquisition of an Australian service that connects buyers and sellers of mining and exploration assets and projects from around the world. Through its wholly owned subsidiary TSX Inc., TMX Group has bought a 50% […]

By Staff |February 11, 2011

1 min read

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Little in LSE-TMX deal for investors

Although the mainstream media on both sides of the pond are going to town about the proposed LSE-TMX merger, the sense in the Canadian financial industry is that it’s not really going to set the Thames on fire. A deal like this only means two companies are looking to develop or defend their market, says […]

By Vikram Barhat |February 10, 2011

4 min read

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Big Deal: TMX/LSE suddenly seems small

Amid the hand-wringing that the merger of the TMX Group with the LSE would be a loss of sovereignty, a return of our old colonial masters, there’s another deal in the works that should knock the wind out of the assertion that this is an afront to Canadian pride. The Deutsche Borse, the operator of […]

By Steven Lamb |February 10, 2011

1 min read

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London calling: TMX to merge with LSE

TMX Group, operator of the Toronto Stock Exchange, has announced that it will merge with the London Stock Exchange. The result would be a trans-Atlantic market with a dominant role in capital financing for the mining industry. The spin off for Canadian investors is that the investing population of Britain — more than double that […]

By Steven Lamb and Dean DiSpalatro |February 9, 2011

2 min read

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