Investments

Maple proposal not superior: TMX Group

The TMX Group board of directors concluded that, under the terms of the merger agreement with London Stock Exchange Group (LSEG), the Maple proposal did "not constitute a superior proposal, nor could it reasonably be expected to result in a superior proposal".

By Staff |May 27, 2011

2 min read

Opportunity, risk in Canada: Part Two

“I’m bullish on the Canadian stock market,” says Darren Lekkerkerker, manager of the Canadian equity sub-portfolio of the Fidelity Canadian Balanced Fund and co-manager of the Fidelity Global Natural Resources Fund.

By Dean DiSpalatro |May 26, 2011

8 min read

Maple makes offer to shareholders

We told you they would be back. And they surely are. In a hostile takeover bid for TMX, Maple Group, a consortium of five of the country's largest pension funds and four Canadian bank-owned investment dealers, has decided to go directly to TMX shareholders to seek their support and to scupper the proposed LSE deal.

By Vikram Barhat |May 26, 2011

3 min read

CSA seeks project feedback

The Canadian Securities Administrators (CSA) today published CSA Staff Notice 81-322, which provides an update on the investment funds modernization project and seeks feedback on the next phase of this project.

By Staff |May 26, 2011

2 min read