The Toronto And Montreal Stock Exchanges Merge
Posted December 10, 2007 12:00 pm.
This article is more than 5 years old.
A national markets powerhouse was created on Monday when the TSX Group, owner of the Toronto Stock Exchange, struck a deal to take over Montreal Exchange for approximately $1.3 billion in shares and stocks.
The combination into TMX Group Inc., “strengthens Montreal’s position as the Canadian centre for derivatives expertise,” the two groups said during Monday’s announcement.
“This combination grows out of a common vision for the future of the Canadian capital markets,” TSX Group CEO Richard Nesbitt stated.
MX chief executive Luc Bertrand added that the new group “will redefine the Canadian capital markets and strengthen its global positioning.”
