Maple Group Acquisition Corporation ("Maple"), to be renamed TMX Group Limited on August 10, 2012, today announced the completion of the acquisition by Maple of each of The Canadian Depository for Securities Limited ("CDS") and of Alpha Trading Systems Inc. and Alpha Trading Systems Limited Partnership (collectively, "Alpha").
This follows the announcement by Maple and TMX Group on July 31, 2012 that all conditions to Maple's offer to acquire up to 80% of the shares of TMX Group Inc. ("TMX Group") had been satisfied and that Maple had taken up all of the TMX Group shares deposited under the offer. Maple will, upon expiry of the deposit extension period under the offer, acquire a total of 80% of the TMX Group shares.
Maple has acquired CDS for an aggregate consideration of $167.5 million. The CDS amalgamation agreement was ratified by shareholders at a meeting on July 31, 2012. The aggregate consideration paid by Maple for the acquisition of Alpha is $175 million, pending conclusion of the previously disclosed arbitration proceedings to be completed in respect of certain Alpha securityholders, which may result in an additional amount being payable to the applicable holders in excess of the amount already paid to them.
Tom Kloet, Maple and TMX Group CEO, said: "We welcome the teams and businesses to our group of companies and look forward to working with them on expanding the suite of products and services we offer."