TORONTO, May 14 (Reuters) - Canada's largest stock exchange operator TMX Group said on Saturday it had received a takeover proposal from a group of Canadian financial institutions called the Maple Group.
The non-binding cash and equity bid from Canadian banks and pension funds rivals a $3 billion bid from the London Stock Exchange, TMX said in a statement.
(Reporting by Pav Jordan; Editing by Paul Simao) Keywords: TMX/CANADA (pav.jordan@thomsonreuters.com; +1 416 941 8163) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The non-binding cash and equity bid from Canadian banks and pension funds rivals a $3 billion bid from the London Stock Exchange, TMX said in a statement.
(Reporting by Pav Jordan; Editing by Paul Simao) Keywords: TMX/CANADA (pav.jordan@thomsonreuters.com; +1 416 941 8163) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.