Maple sticks with £2.4bn offer price for TMX
The all-Canadian consortium attempting to gatecrash the London Stock Exchange's plans to take over Toronto Stock Exchange operator TMX is expected to stick to its £2.4bn offer.
A source close to Maple Group's plans has said it did not intend to sweeten its bid.
The alliance of Canadian banks and pension and investment firms, is also hoping to buy Canadian alternative trading system Alpha Group and is said to be confident it would win competition authorities approval for this part of its plan.
Maple turned up the heat on the LSE's plans on Monday when it officially launched a hostile bid for TMX.
LSE (down 16p at 939p) and TMX shareholders will vote on their proposed friendly tie up on June 30.
Most watched Money videos
- Introducing Britain's new sports car: The electric buggy Callum Skye
- Mini Cooper SE: The British icon gets an all-electric makeover
- 'Now even better': Nissan Qashqai gets a facelift for 2024 version
- Tesla unveils new Model 3 Performance - it's the fastest ever!
- Mini celebrates the release of brand new all-electric car Mini Aceman
- Footage of the Peugeot fastback all-electric e-3008 range
- Top Gear takes Jamiroquai's lead singer's Lamborghini for a spin
- Kia's 372-mile compact electric SUV - and it could costs under £30k
- Mail Online takes a tour of Gatwick's modern EV charging station
- Alfa Romeo reveals first electric sporty SUV Junior for Alfisti fans
- Blue Whale fund manager on the best of the Magnificent 7
- A look inside the new Ineos Quartermaster off-road pickup truck
- Britain for sale, again? De La Rue in talks over sale of...
- BUSINESS LIVE: Dr Martens US sales slump; Nightcap...
- NS&I quietly boosts rate on two of its savings accounts...
- Vaccines tsar sells biotech start-up to US pharma group...
- BHP abandons £39bn pursuit of Anglo American as City...
- The FTSE 100 reached a record high in May: Why has it...
- Marks and Spencer appoints Rightmove's Alison Dolan as...
- Smart meter installations fall 10% as energy firms...
- City fails to back £3.6bn Royal Mail takeover - despite...
- Big Help for Home REIT: Property firm reclaims more than...
- Boost for sunseekers as pound hits highest level against...
- Auto Trader shares hit record high as FTSE 100 group...
- Springfield Properties agrees £6.3m affordable housing...
- Outrage at Ofwat plans to cut sewage-dumping fines for...
- London markets 'less attractive' than international...
- Nightcap walks away from acquisition of Revolution Bars
- Dr Martens to slash £25m in costs amid US demand slump
- US energy giant Conoco Phillips buys Marathon Oil in...