Maple Group, a consortium of Canadian financial institutions, said on Thursday it extended a hostile C$3.8 billion ($3.65 billion) takeover bid for TMX Group (X.TO), Canada's largest stock market operator. Maple, made up of four of Canada's largest banks, four top pension funds and one of North America's largest life insurers, also said it was continuing to work toward obtaining regulatory approvals for the C$50 per share bid.
Shares of X traded higher by 0.04% or $0.01/share to $22.48. In the past year, the shares have traded as low as $25.44 and as high as $64.03. On average, 10398000 shares of X exchange hands on a given day and today's volume is recorded at 10543969.
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