The London Stock Exchange's aborted bid for Canada's TMX Group has raised the tally of failed cross-border exchange deals to three in four as the sector faces an uphill battle to secure longed-for consolidation.
A Canadian consortium believes it has enough support to stymie the London Stock Exchange's takeover bid for TMX Group , Canada's largest stock market operator, at a shareholder vote on Thursday, a source with the 13-member consortium said.
The London and Toronto stock exchanges abandoned plans for a C$3.6 billion merger on Wednesday, as it became clear they would not win enough shareholder support for their transatlantic alliance.
A Canadian consortium believes it has enough support to stymie the London Stock Exchange's takeover bid for TMX Group , Canada's largest stock market operator, at a shareholder vote on Thursday, a source with the 13-member consortium said.
Endorsements from two leading proxy advisory firms could turn out to be the London Stock Exchange's secret weapon as it bids for the widely held TMX Group , operator of the Toronto Stock Exchange.
Bidders for the operator of Canada's largest stock exchange stepped up their last-minute push for votes on Monday as the deadline loomed for TMX Group shareholders to decide between a takeover offer from the London Stock Exchange or from a home-grown rival.
The London Stock Exchange has launched a super-fast trading service in its latest bid to court more business from high-frequency trading firms.
The odds are stacked against the London Stock Exchange in its bid to take over the operator of Canada's biggest stock exchange, amid vocal endorsements for its made-in-Canada rival from investors, a billionaire activist and provincial politicians.
London Stock Exchange boss Xavier Rolet faces a crucial test this week as TMX Group owners vote on their planned merger with the LSE -- a deal on a knife-edge that is likely to define his tenure.
London Stock Exchange Chief Executive Xavier Rolet was under pressure on Thursday after the Maple consortium of banks bidding against him to buy Canada's TMX Group raised its offer overnight.
A Canadian consortium of banks and pension funds said late on Wednesday it raised its hostile bid to buy the operator of the Toronto Stock Exchange, just hours after the London Stock Exchange sweetened its friendly bid to some $4.1 billion.
A consortium of Canadian banks and pension funds raised its hostile bid for the operator of the country's biggest stock exchange on Wednesday, with a cash-and-stock proposal that nudged ahead of the London Stock Exchange's just-sweetened, friendly bid.
The London Stock Exchange sweetened its friendly bid for the operator of the Toronto Stock Exchange to $4.1 billion on Wednesday, topping a hostile offer from a Canadian consortium.
The London Stock Exchange added cash payouts to its friendly bid for the operator of the Toronto Stock Exchange on Wednesday, raising the value to $4.1 billion and topping a $3.8 billion hostile offer from a Canadian consortium.
The London Stock Exchange has sweetened its friendly offer for the TMX Group with an enhanced dividend, bringing the value to $4.1 billion for the operator of the Toronto Stock Exchange.
The London Stock Exchange has sweetened its friendly offer for the TMX Group with an enhanced dividend, bringing the value to $4.1 billion for the operator of the Toronto Stock Exchange.
Nasdaq OMX Group Inc confirmed on Friday it made a bid for a minority stake in Europe's LCH.Clearnet, according to media reports, as the U.S.-based exchange attempts to secure a piece of the lucrative clearing business.
An all-Canadian consortium expects its $3.8 billion bid for the Toronto Stock Exchange's parent to win regulatory approval even though the group would also absorb TSX's main competitor, a source close to the proposal said on Wednesday.
With just two weeks to go before a referendum on the future of Canada's TMX Group , operator of the Toronto Stock Exchange, shareholder Chris Damas is finally climbing off the fence.
The Maple Group has launched a hostile bid to block the proposed merger between the operator of the Toronto Stock Exchange, TMX Group, and the London Stock Exchange (LSE).
The heads of TMX Group Inc and the London Stock Exchange Group Plc said on Friday it is full steam ahead for LSE's friendly takeover of the Canadian market operator even though a hostile bid for TMX could come any day now.
Amidst the current bout of speculation regarding a possible takeover bid for Misys plc (London Stock Exchange: MSY), Jefferies & Co. revisited its long-held view that it are now in the final phase of the value realisation project that Mike Lawrie and ValueAct Capital embarked upon four years ago.
