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TSX Group Inc. completes combination with Montreal Exchange Inc.
TORONTO and MONTREAL, May 1 /CNW/ - TSX Group Inc. and Montreal Exchange Inc. (MX) announced toda...
About this update from Stampede Drilling Inc.
[{"type":"text","content":"\n\n\n\nTORONTO and MONTREAL, May 1 /CNW/ - TSX Group Inc. and Montreal Exchange\nInc. (MX) announced today the completion of their business combination to\ncreate TMX Group Inc.\n\n\n"We are pleased to have completed this transaction," said Michael\nPtasznik, Interim Co-CEO of TSX Group. "Our new company will redefine the\nCanadian capital markets and strengthen its global positioning.\n\n\nLuc Bertrand, President and CEO of MX said, "We are thrilled to be\nforming TMX Group. We are building an integrated Canadian exchange that brings\ntogether cash and derivatives trading for the first time. We seek distinctive\npositioning in the exchange space."\n\n\nUnder the combination agreement, TSX Group has added five Quebec resident\ndirectors to its Board. They are Luc Bertrand, Denyse Chicoyne, Carmand\nNormand, Jean Turmel and Laurent Verreault.\n\n\nMr. Bertrand today was appointed Deputy CEO of TSX Group Inc. He remains\nas President and CEO of MX.\n\n\nThe purchase price was satisfied with the issue of approximately\n15,316,613 shares of TSX Group Inc. and the payment of $428.2 million to MX\nshareholders. MX shares will be delisted at the earliest at the close of\nbusiness on May 2, 2008. Trading in shares of the new group continues under\nthe name TSX Group (TSX:X). TSX Group is expected to change its name to TMX\nGroup Inc. on or about June 11, 2008, following receipt of TSX Group\nshareholder approval.\n\n\nAbout TSX Group Inc. (TSX-X)\n\n\n----------------------------\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 electricity\ncontracts and Shorcan Brokers Limited, the country's first fixed income\ninter-dealer broker. TSX Group also owns The Equicom Group Inc., a leading\nprovider of investor relations and related corporate communication services in\nCanada. TSX Group is headquartered in Toronto and maintains offices in\nMontreal, Calgary and Vancouver.\n\n\nAbout Montreal Exchange Inc.\n\n\n----------------------------\n\n\nThe Montreal Exchange (MX) is the Canadian derivatives exchange. The MX\noffers trading in Canadian interest rate, index and equ...