EXCHANGE NEWSWIRE 8/13
TMX and Maple Group announced the completion of Maple’s takeover offer. In total, approximately 95.4% of outstanding TMX shares have been deposited under the offer, and 80% of the shares have been acquired for C$50 per share in cash under the offer, with the rest of the deposited shares to be returned to TMX shareholders. Maple will be renamed TMX Group Limited.
CME’s agreement with MF Global trustee James Giddens has won court approval, Reuters reported. MF Global will be able to recover nearly $160m from CME, with around $130m to go to former MF Global customers.
Knight Capital’s investors are holding CEO Thomas Joyce accountable for the technical glitch which led to a $400m bailout to keep Knight operating. CEO of Stephens Inc, a firm which bought 5.5% of Knight, said that Joyce “is going to have to take his share of the blame, where he should” and that “everybody that invested is going to have to make their own judgment on whether Tom stays as CEO.”