Institutional Investor Services Canada recommends that shareholders vote "FOR" proposed combination of MX with TSX Group

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[{"type":"text","content":"\n\n\n\nMONTREAL, Jan. 28 /CNW Telbec/ - Montreal Exchange Inc. (MX) (TSX: MXX)\nannounced today that Institutional Investor Services Canada Corp. (ISS) has\nformally recommended that their clients holding MX shares vote FOR the\nproposed combination of Montreal Exchange Inc. with TSX Group Inc. to create a\nleading integrated exchange group to be named TMX Group Inc. This\nrecommendation is the result of an independent and comprehensive analysis of\nthe proposal and its impact on shareholders.\n\n\nISS, a subsidiary of RiskMetrics Group, is the world's leading provider\nof corporate governance and proxy voting solutions. It provides proxy\nresearch, voting services and corporate governance advisory services to\nfinancial institutions and corporations worldwide. Based on its review of the\nterms of the transaction, ISS believes the Amalgamation Agreement warrants\nshareholder support.\n\n\n"We are very pleased with the ISS recommendation," said Luc Bertrand,\nPresident and Chief Executive Officer of MX. "We look forward to our\ncombination with TSX Group and to implementing our common vision for the\nfuture of Canadian capital markets, including the continued role of MX as the\nCanadian derivatives exchange. We would like to reiterate that we believe the\nproposed combination is in the best interests of MX and the MX shareholders."\n\n\nThe proposed combination remains subject to MX shareholder and regulatory\napprovals. As previously announced in the Management Proxy Circular, a special\ngeneral meeting of MX shareholders will be held on February 13, 2008 at\n10:00 a.m. (Montreal time) at the Ritz-Carlton Montreal Hotel, Oval Room,\n1228 Sherbrooke Street West, Montreal, to vote on the amalgamation resolution.\nThe resolution must be approved by at least 662/3% of the votes cast by MX\nshareholders present in person or represented by proxy at the meeting.\n\n\nMX shareholders are encouraged to vote for the amalgamation resolution by\ncompleting, signing, dating and returning their proxy form no later than\n5:00 p.m. (Montreal time) on February 11, 2008. Shareholders requiring\nassistance in voting their proxies should call the Proxy Solicitation Agent,\nKingsdale Shareholder Services Inc., toll-free, at 1-800-775-1986.\n\n\nAbout Montreal Exchange Inc.\n\n\nThe Montreal Exchange (MX) is the Canadian derivati...

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