The Board of Trade of Metropolitan Montreal hosts two special events for understanding the implications of London Stock Exchange and Maple Acquisition Group proposals

Share:
Print

Added on 3 June 2011 in Press releases

 

Press release

Montréal Exchange
The Board of Trade of Metropolitan Montreal hosts two special events for understanding the implications of London Stock Exchange and Maple Acquisition Group proposals

Montréal, June 3, 2011 – The Board of Trade of Metropolitan Montreal is pleased to present two special events for the Montréal business community for understanding the strategic implications and details of proposals by the London Stock Exchange and Maple Acquisition Group for the TMX Group. The Board of Trade will play host to Xavier Rolet, CEO of the London Stock Exchange, and Thomas A. Kloet, CEO of TMX Group, for a Midi extra luncheon on Wednesday, June 15. Luc Bertrand, Vice-Chairman of National Bank Financial Group and spokesperson for Maple Acquisition Group, will take a turn at the podium on Monday, June 20.

“We are very proud to welcome the spokespeople for these two major concurrent projects just five days apart,” said Michel Leblanc, President and CEO of the Board of Trade. “For Montréal’s financial and business communities, it will be a unique opportunity to take a close look at the proposals. These complementary events will further deliberations on how to best defend the interests of Quebec businesses and Montréal as a financial centre.”

During their visit to Montréal, Mr. Rolet and Mr. Kloet will present the new transatlantic stock exchange group that would result from the merger between the London Stock Exchange and the TMX Group. They will in particular spotlight the transformation of Montréal into the group’s hub for derivatives and the advantages of the merger for Quebec.

Mr. Bertrand, spokesperson for the Maple Acquisition Group, will discuss the offer to purchase the TMX Group, explaining the $3.6 billion transaction that will keep the TMX under Canadian control and give shareholders a considerable cash bonus. It will also be a chance to give Montréal the opportunity to raise its profile through its Canadian Derivatives Clearing Corporation.

For details about these activities, please visit the Board of Trade’s Website at www.btmm.qc.ca/activities.

The Board of Trade of Metropolitan Montreal has some 7,000 members. Its primary mission is to represent the interests of the business community of Greater Montréal and to provide individuals, merchants, and businesses of all sizes with a variety of specialized services to help them achieve their full potential in terms of innovation, productivity and competitiveness. The Board of Trade is Quebec’s leading private economic development organization.

-30-

Source:
Sylvie Paquette
Advisor, Media Relations
Board of Trade of Metropolitan Montreal
Tel.: 514 871-4000, ext. 4015
sylvie.paquette@ccmm.qc.ca