Business
MX and TSX disclose the results of amalgamation consideration elections by MX shareholders
MONTREAL and TORONTO, April 30 /CNW Telbec/ - Montreal Exchange Inc. (MX) and TSX Group Inc. (TSX...
About this update from Stampede Drilling Inc.
[{"type":"text","content":"\n\n\n\nMONTREAL and TORONTO, April 30 /CNW Telbec/ - Montreal Exchange Inc. (MX)\nand TSX Group Inc. (TSX Group) today announced the results of the elections by\nMX shareholders with respect to the consideration they will receive pursuant\nto the terms of the amalgamation agreement between MX and TSX Group. The\nelection deadline was 5:00 p.m. on April 29, 2008.\n\n\nThe amalgamation agreement provides that the maximum number of TSX Group\ncommon shares issuable to MX shareholders under the amalgamation is\n15,346,000, and the maximum amount of cash payable to MX shareholders under\nthe amalgamation is $428.2 million.\n\n\nAs a result of the elections, upon the effectiveness of the amalgamation\non May 1, 2008, a total of approximately 15.32 million TSX Group shares will\nbe issued, and $428.2 million will be paid in cash, to MX Shareholders.\n\n\nFor those who elected to receive cash or were deemed to have so elected,\nthis represents an amount, for each common share of MX, of $16.26 in cash and\n0.4540 of a common share of TSX Group.\n\n\nThose who elected to receive shares of TSX Group will receive 0.7784 TSX\nGroup Share for each MX common share.\n\n\nThe consideration to be paid to MX shareholders is expected to be\ndistributed to them on or about May 6, 2008. No fractional TSX Group shares\nwill be distributed.\n\n\nInformation about the MX and TSX Group business combination, including\nthe management information circular relating to the amalgamation, is available\non MX's website at www.m-x.ca. Investors may also obtain a copy of the\nmanagement information circular on the Canadian Securities Administrators'\nSEDAR website at www.sedar.com and on the US Securities and Exchange\nCommission's website at www.sec.gov.\n\n\nAbout Montreal Exchange Inc. (TSX - MXX)\n\n\nThe Montreal Exchange (MX) is the Canadian derivatives exchange. The MX\noffers trading in Canadian interest rate, index and equity derivatives.\nClearing, settlement and risk management services are provided by an AA rated\nclearing house, the Canadian Derivatives Clearing Corporation, fully owned by\nthe MX. Our integrated trading and clearing services are supported by a\nproprietary suite of exchange technologies, known as SOLA(R). The MX also has\ninterests in: the Boston Options Exchange (BOX), a U.S. automated equity\noptions market, for which MX is the t...