Today, the Commissioner of Competition issued a
"no-action letter" to Maple Group in respect of its
proposed acquisition of TMX Group, Alpha Group and Canadian
Depository Services.
The Competition Bureau's review of the Maple / TMX
transaction was extensive. Maple Group (whose investors are Alberta
Investment Management Corporation, Caisse de dépôt et
placement du Québec, Canada Pension Plan Investment Board,
CIBC World Markets Inc., Desjardins Financial Group, Dundee Capital
Markets Inc., Fonds de solidarité des travailleurs du
Québec (F.T.Q.), National Bank Financial & Co. Inc.,
Ontario Teachers' Pension Plan, Scotia Capital Inc., TD
Securities Inc. and The Manufacturers Life Insurance Company) announced on May 15, 2011, in the midst of the
failed bid by the TSX to merge with the LSE,
that the Group had submitted a proposal to acquire the TMX Group.
Maple filed an application for an advance ruling certificate on
June 7, 2011. The transaction was therefore under
