{"id":440359,"date":"2011-06-13T13:20:12","date_gmt":"2011-06-13T13:20:12","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/"},"modified":"2011-06-13T13:20:12","modified_gmt":"2011-06-13T13:20:12","slug":"hostile-rival-to-lses-canada-bid","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/","title":{"rendered":"Hostile rival to LSE&#8217;s Canada bid"},"content":{"rendered":"<p><div readability=\"50.0805051302\"><span><span>13 June 2011<\/span> <span>Last updated at<\/span> <span>09:20 ET<\/span><\/span><\/p>\n<p>The Canadian consortium set up to thwart TMX&#8217;s planned merger with the London Stock Exchange (LSE) has launched a hostile bid.<\/p>\n<p>Maple Group has offered 3.7bn Canadian dollars ($3.8bn) cash for a 70% stake in the Toronto stock exchange owner.<\/p>\n<p>The widely anticipated move comes three weeks before TMX shareholders are due to vote on the LSE&#8217;s own offer.<\/p>\n<p>Maple called on investors to vote down the LSE offer, which has been accepted by TMX management.<\/p>\n<p>If the LSE&#8217;s bid goes through, there will be no possibility of Maple succeeding.<\/p>\n<p>However, the LSE bid could still be blocked by Canadian regulators. A Canadian law requires that foreign takeovers must provide a net benefit to the country.<\/p>\n<p>In its rival offer, Maple promised to maintain TMX&#8217;s current dividend, and to keep current management in place.<\/p>\n<p>The all-Canadian consortium comprises four major banks, five pension funds and four other recently-joined major investors.<\/p>\n<\/div>\n<p>See original here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-13750807\" title=\"Hostile rival to LSE's Canada bid\" rel=\"noopener noreferrer\">Hostile rival to LSE&#8217;s Canada bid<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 13 June 2011 Last updated at 09:20 ET The Canadian consortium set up to thwart TMX&#8217;s planned merger with the London Stock Exchange (LSE) has launched a hostile bid. Maple Group has offered 3.7bn Canadian dollars ($3.8bn) cash for a 70% stake in the Toronto stock exchange owner<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-440359","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hostile rival to LSE&#039;s Canada bid - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Hostile rival to LSE&#039;s Canada bid - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"13 June 2011 Last updated at 09:20 ET The Canadian consortium set up to thwart TMX&#039;s planned merger with the London Stock Exchange (LSE) has launched a hostile bid. Maple Group has offered 3.7bn Canadian dollars ($3.8bn) cash for a 70% stake in the Toronto stock exchange owner\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Hostile rival to LSE&#8217;s Canada bid\",\"datePublished\":\"2011-06-13T13:20:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/\"},\"wordCount\":175,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/\",\"name\":\"Hostile rival to LSE's Canada bid - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-06-13T13:20:12+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hostile rival to LSE's Canada bid - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/","twitter_card":"summary_large_image","twitter_title":"Hostile rival to LSE's Canada bid - Ghanamma.com","twitter_description":"13 June 2011 Last updated at 09:20 ET The Canadian consortium set up to thwart TMX's planned merger with the London Stock Exchange (LSE) has launched a hostile bid. Maple Group has offered 3.7bn Canadian dollars ($3.8bn) cash for a 70% stake in the Toronto stock exchange owner","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/"},"author":{"name":"","@id":""},"headline":"Hostile rival to LSE&#8217;s Canada bid","datePublished":"2011-06-13T13:20:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/"},"wordCount":175,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/","url":"https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/","name":"Hostile rival to LSE's Canada bid - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-06-13T13:20:12+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/06\/13\/hostile-rival-to-lses-canada-bid\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/440359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=440359"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/440359\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=440359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=440359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=440359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}