AMF gives approval to create TMX Group

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[{"type":"text","content":"\n\n\n\nMONTREAL and TORONTO, April 10 /CNW Telbec/ - Montreal Exchange Inc. (MX)\nand TSX Group Inc. (TSX Group) today announced that they have received\napproval from the Autorite des marches financiers (AMF) relative to the\nproposed combination of MX and TSX Group to create TMX Group.\n\n\n"We are very pleased that the AMF has approved our application. We are\nconfident that MX, as part of TMX Group, will continue to meet the needs of\nits customers and fulfill its public interest mandate while improving the\ncompetitive positioning of MX in the Canadian and global financial markets,"\nsaid Luc Bertrand, President and CEO of MX.\n\n\n"This is a great outcome and a critical milestone as we move closer to\ncompleting this historic combination. We appreciate the efforts of the AMF to\nenhance the Quebec and Canadian capital markets while enabling the new TMX\nGroup to meet the demands of its customers," said Michael Ptasznik, Interim\nCo-CEO, TSX Group.\n\n\nMX and TSX Group also announced that the Canadian Competition Bureau\ncompleted its assessment yesterday and is allowing the combination to proceed.\nThe U.S. Securities and Exchange Commission has previously given its approval\nfor rule changes to permit the proposed combination relating to MX's ownership\nstake in the Boston Options Exchange.\n\n\nRemaining regulatory approval\n\n\nThe remaining regulatory approval from the Ontario Securities Commission\n(OSC), namely approval of the amended MX exemption order, will be considered\nby the OSC shortly. TSX Group and MX plan to complete the combination as soon\nas possible thereafter.\n\n\nEffective date of the combination\n\n\nAfter obtaining the remaining regulatory approval, and at least ten days\nprior to the planned effective date of the combination, MX will issue a press\nrelease that will notify MX shareholders of the anticipated effective date and\nthe date by which MX shareholders must make their election and tender the\ncertificates representing their MX shares.\n\n\nAbout TSX Group Inc. (TSX-X)\n\n\nTSX Group operates Canada's two national stock exchanges, Toronto Stock\nExchange serving the senior equity market and TSX Venture Exchange serving the\npublic venture equity market, Natural Gas Exchange (NGX), a leading North\nAmerican exchange for the trading and clearing of natural gas and electr...

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