Article: Montreal Exchange sale links Canadian markets MARKETPLACE by Bloomberg

Doug Alexander and Frederic Tomesco Bloomberg News
International Herald Tribune
12-11-2007
Montreal Exchange sale links Canadian markets MARKETPLACE by Bloomberg
Byline: Doug Alexander and Frederic Tomesco Bloomberg News
Edition: 4
Section: FINANCE/BUSINESS

TORONTO --

Frederic Tomesco reported from Montreal.

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TSX Group agreed Monday to buy Montreal Exchange for about 1.31 billion Canadian dollars in cash and stock, combining the Canadian equity and derivatives exchanges to cut costs and compete with international exchanges.

TSX, owner of the Toronto Stock Exchange, offered 0.5 TSX shares and 13.95 dollars in cash for each share of Montreal Exchange, the companies said in a statement. The ...

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