Dominion Lending Centres Clearlease Reports Maple Group says it’s been in talks with potential new investors
VANCOUVER, BC (June 7, 2011) Dominion Lending Centres Clearlease Reports Maple Group Acquisition Corp., the consortium of nine Canadian banks and pension plans that’s making a $3.6-billion hostile bid for TMX Group, said Tuesday june 7, 2011 it has been in talks with a number of other potential investors about joining the group.
Spokesman Peter Block said Tuesday that the Maple Group has been approached by a number of “new potential investors,” in the financial services sector, but would not conform reports that the investors include Desjardins Financial Group, GMP Capital Inc., and Dundee Capital Markets.
“We’ve been approached and talked to a number of people,” he said.
“What we’ve heard from people with whom we’ve been in discussion is there has been considerable interest.”
Block said the level of interest being shown is a vote of confidence and provides “a sense of momentum” to its alternative proposal for the TMX Group (TSX:X), which operates the Toronto Stock Exchange and other Canadian exchange.
“They’re voting with their wallets … it’s a pretty big endorsement,” he said.
Members of the Maple Group Acquisition Corp. already include Alberta Investment Management Corp., Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board, CIBC World Markets Inc., Fonds de solidarité des travailleurs du Québec, National Bank Financial Inc., Ontario Teachers’ Pension Plan Board, Scotia Capital Inc. and TD Securities Inc.
New investors could help the group sweeten its takeover proposal, valued at $3.6-billion when it was announced. It already represents a 24 per cent premium to the implied value of the TMX’s favoured merger agreement with the London Stock Exchange Group.
The alternative proposal was rejected by the TMX Group last month over regulatory and debt risks.
However, the Maple Group plans to mail out its offer directly to shareholders this week in the hopes that they will tender their shares to the consortium, allowing the group to sidestep the TMX board in its acquisition plans.
The Maple Group offer is meant to keep TMX in Canadian ownership after many bank and government officials raised concerns about the so-called “merger of equals” with the LSE, which is technically a takeover by the British operator.
The TMX Group is pushing ahead with plans to merge with the London Stock Exchange Group and will hold a special shareholder meeting later this month to vote on the agreement.
The deal is subject to approval from various Canadian regulators, including a review from Industry Canada under the Investment Canada Act, which must determine if the merger is “of net benefit” to Canada.
However, the Maple bid also faces significant regulatory challenges ahead.
It is dependent on a review by the Competition Bureau, which must rule whether the group can go ahead with plans to acquire the bank-owned alternative stock exchange Alpha Group and the CDS clearinghouse.
Any integration of the operator of the Toronto Stock Exchange and the alternative Alpha trading platform would give the group control of about 80 per cent of stock trading volume in Canada.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 7, 2011) Dominion Lending Centres Clearlease Reports Maple Group Acquisition Corp., the consortium of nine Canadian banks and pension plans that’s making a $3.6-billion hostile bid for TMX Group, said Tuesday june 7, 2011 it has been in talks with a number of other potential investors about joining the group.
Spokesman Peter Block said Tuesday that the Maple Group has been approached by a number of “new potential investors,” in the financial services sector, but would not conform reports that the investors include Desjardins Financial Group, GMP Capital Inc., and Dundee Capital Markets.
“We’ve been approached and talked to a number of people,” he said.
“What we’ve heard from people with whom we’ve been in discussion is there has been considerable interest.”
Block said the level of interest being shown is a vote of confidence and provides “a sense of momentum” to its alternative proposal for the TMX Group (TSX:X), which operates the Toronto Stock Exchange and other Canadian exchange.
“They’re voting with their wallets … it’s a pretty big endorsement,” he said.
Members of the Maple Group Acquisition Corp. already include Alberta Investment Management Corp., Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board, CIBC World Markets Inc., Fonds de solidarité des travailleurs du Québec, National Bank Financial Inc., Ontario Teachers’ Pension Plan Board, Scotia Capital Inc. and TD Securities Inc.
New investors could help the group sweeten its takeover proposal, valued at $3.6-billion when it was announced. It already represents a 24 per cent premium to the implied value of the TMX’s favoured merger agreement with the London Stock Exchange Group.
The alternative proposal was rejected by the TMX Group last month over regulatory and debt risks.
However, the Maple Group plans to mail out its offer directly to shareholders this week in the hopes that they will tender their shares to the consortium, allowing the group to sidestep the TMX board in its acquisition plans.
The Maple Group offer is meant to keep TMX in Canadian ownership after many bank and government officials raised concerns about the so-called “merger of equals” with the LSE, which is technically a takeover by the British operator.
The TMX Group is pushing ahead with plans to merge with the London Stock Exchange Group and will hold a special shareholder meeting later this month to vote on the agreement.
The deal is subject to approval from various Canadian regulators, including a review from Industry Canada under the Investment Canada Act, which must determine if the merger is “of net benefit” to Canada.
However, the Maple bid also faces significant regulatory challenges ahead.
It is dependent on a review by the Competition Bureau, which must rule whether the group can go ahead with plans to acquire the bank-owned alternative stock exchange Alpha Group and the CDS clearinghouse.
Any integration of the operator of the Toronto Stock Exchange and the alternative Alpha trading platform would give the group control of about 80 per cent of stock trading volume in Canada.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Maple Group says it’s been in talks with potential new investors
VANCOUVER, BC (June 7, 2011) Dominion Lending Centres Clearlease Reports Maple Group Acquisition Corp., the consortium of nine Canadian banks and pension plans that’s making a $3.6-billion hostile bid for TMX Group, said Tuesday june 7, 2011 it has been in talks with a number of other potential investors about joining the group.
Spokesman Peter Block said Tuesday that the Maple Group has been approached by a number of “new potential investors,” in the financial services sector, but would not conform reports that the investors include Desjardins Financial Group, GMP Capital Inc., and Dundee Capital Markets.
“We’ve been approached and talked to a number of people,” he said.
“What we’ve heard from people with whom we’ve been in discussion is there has been considerable interest.”
Block said the level of interest being shown is a vote of confidence and provides “a sense of momentum” to its alternative proposal for the TMX Group (TSX:X), which operates the Toronto Stock Exchange and other Canadian exchange.
“They’re voting with their wallets … it’s a pretty big endorsement,” he said.
Members of the Maple Group Acquisition Corp. already include Alberta Investment Management Corp., Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board, CIBC World Markets Inc., Fonds de solidarité des travailleurs du Québec, National Bank Financial Inc., Ontario Teachers’ Pension Plan Board, Scotia Capital Inc. and TD Securities Inc.
New investors could help the group sweeten its takeover proposal, valued at $3.6-billion when it was announced. It already represents a 24 per cent premium to the implied value of the TMX’s favoured merger agreement with the London Stock Exchange Group.
The alternative proposal was rejected by the TMX Group last month over regulatory and debt risks.
However, the Maple Group plans to mail out its offer directly to shareholders this week in the hopes that they will tender their shares to the consortium, allowing the group to sidestep the TMX board in its acquisition plans.
The Maple Group offer is meant to keep TMX in Canadian ownership after many bank and government officials raised concerns about the so-called “merger of equals” with the LSE, which is technically a takeover by the British operator.
The TMX Group is pushing ahead with plans to merge with the London Stock Exchange Group and will hold a special shareholder meeting later this month to vote on the agreement.
The deal is subject to approval from various Canadian regulators, including a review from Industry Canada under the Investment Canada Act, which must determine if the merger is “of net benefit” to Canada.
However, the Maple bid also faces significant regulatory challenges ahead.
It is dependent on a review by the Competition Bureau, which must rule whether the group can go ahead with plans to acquire the bank-owned alternative stock exchange Alpha Group and the CDS clearinghouse.
Any integration of the operator of the Toronto Stock Exchange and the alternative Alpha trading platform would give the group control of about 80 per cent of stock trading volume in Canada.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk