The Deal
Saturday, November 21, 
9:08 pm

TSC swallows Bourse de Montreal

  Share     E-Mail    Discussion    Print Story

Stock exchanges are a hot commodity, with a wave of deals consolidating the market, as Dealscape recently noted. Now, Canada's TSX Group Inc. has joined in the flurry of dealmaking with its agreement to purchase futures exchange Bourse de Montreal for $426 million in cash, plus $15.3 million in TSX shares.

Continue reading below

Also on Dealscape

TSX is the operator of Canada’s two national stock exchanges, Toronto Stock Exchange and TSX Venture exchange. TSX hopes the deal creates an integrated exchange for equities, bonds, options and derivatives, and for spearheading both companies' efforts to diversify their operations. The union would create a combined company called TMX Group Inc, which will be headquartered in Toronto.

The most recent exchange deals include Nasdaq's purchase of the Philadelphia Stock Exchange Inc. for $652 million in November and the Boston Stock Exchange for $61 million in October.

Full coverage will come later in The Daily Deal and on TheDeal.com. — Gerald Magpily

See story from TheDeal.com
See TSX press release
See story from MarketWatch
See Dealwatch: Exchanges
Dec. 6 date in deal history: Chicago Merc's IPO led the way





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.