Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms on their most important mergers, acquisitions and takeover transactions.
Maple Group Announces Revised Bid for TMX Group
Yesterday, our client Maple Group Acquisition Corporation, a consortium of thirteen leading Canadian financial institutions, pension funds and capital markets participants, announced the commencement of an unsolicited Cdn$2.5 billion cash offer for up to 70 percent of the shares of TMX Group, the public parent of the Toronto Stock Exchange.
The Maple Group offer has been launched as an alternative to the current takeover proposal by the London Stock Exchange to acquire TMX Group. The offer, if successful, will be followed by a second-step court-approved plan of arrangement under Canadian law. Under this arrangement, the remaining shareholders of TMX Group will receive shares of Maple Group such that they own 40 percent of the shares of Maple Group following the plan's execution.
The Paul, Weiss team advising Maple Group includes corporate and securities partners from the firm's New York, Toronto and London offices: Matthew W. Abbott, Mark S. Bergman, Adam M. Givertz, Edwin S. Maynard and Mark A. Underberg. The team also includes corporate counsel Didier Malaquin and tax partner David R. Sicular.