Canadian banks, funds to buy TMX
By Pav Jordan | China Daily | Updated: 2011-05-17 07:51
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An annex of the Toronto Stock Exchange. A group of banks and pension funds have offered a deal to keep TMX Group Canadian. Norm Betts / Bloomberg |
TORONTO - A group of Canadian banks and pension funds are hoping their C$3.6 billion ($3.7 billion) offer for TMX Group will keep the nation's largest stock market from falling into foreign hands, but questions remained on Sunday whether that is a reason enough for success.
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