The future of Canada's largest stock market operator, TMX Group (X.TO), lies in part in the hands of the nation's Competition Bureau, which must decide if a C$3.8 billion ($3.9 billion) hostile takeover by the Maple Group consortium could lead to a monopoly. Following are some key facts about the Competition Bureau and the merger review process: * The Competition Bureau is an independent agency that enforces the Competition Act * The bureau is headed by Commissioner Melanie Aitken, who investigates complaints related to truth in advertising, abuse of market power, cartels and mergers. * The bureau must be notified in advance of any planned mergers above set thresholds that are adjusted annually.
TMX Group Inc. is an integrated, multi-asset class exchange group. Shares of X traded higher by 0.02% or $0.01/share to $46.92. In the past year, the shares have traded as low as $36.93 and as high as $64.03. On average, 9644400 shares of X exchange hands on a given day and today's volume is recorded at 5223700.
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