A PYMNTS Company

Competition Bureau does an about-face, approving Maple-TMX merger

By  |  July 4, 2012

Canada’s Competition Bureau has issued a No Action Letter to Maple Group for its planned acquisitions of TMX Group, Alpha Group, and Canadian Depository Services. Although the Bureau was initially opposed to the merger because of its concerns with the transaction’s effects in equities trading and post-trade services, the Ontario Securities Commission’s (OSC) recognition orders have led the watchdog to turn around and approve the deal. The orders “materially change the regulatory environment sufficient to substantially mitigate the Bureau’s competition concerns.”

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Competition Bureau Press Release

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Related content: Competition and Vertical Integration in Financial Exchanges

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.