A group of Canadian banks and pension funds mounting a hostile bid for the TMX Group
The so-called Maple Group said Desjardins Financial Group, GMP Capital Inc
Maple Group, which takes its name from Canada's patriotic maple leaf symbol, says their offer is financially superior to the C$3.5 billion bid from the London Exchange and will keep ownership of the TMX within the country's borders.
Maple Group's original members were Toronto Dominion Bank
($1= 98 Canadian cents)
(Reporting Allan Dowd, Editing Marguerita Choy)