Manulife to purchase Toronto Stock Exchange

Posted Jun 7, 2011 04:26:06 PM.

This article is more than 5 years old.

Bloomberg News is reporting that Manulife Financial has joined a group to buy TMX Group Inc., owner of the Toronto Stock exchange.

Canada’s largest insurer has offices in Kitchener and Waterloo.

The Maple Group also includes Toronto-Dominion Bank and the Canada Pension Plan Investment Board.

No one from the bidding group or Manulife is commenting.

The bid is reportedly worth $3.6 billion.

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