Maple Group adds four new partners to TMX bid

Four more financial institutions have joined Maple Group Acquisition Corp’s plan to mount a hostile bid for the TMX Group (X.TO: Quote) and top a friendly offer from the London Stock Exchange Group (LSE.L: Quote), the consortium of Canadian banks and pension funds said on Sunday.

Desjardins Financial Group, GMP Capital Inc (GMP.TO: Quote), Dundee Capital Markets (DCM.TO: Quote) and Manulife Financial (MFC.TO: Quote) have agreed to join Maple’s C$3.6 billion (US$3.7 billion) bid for the operator of Canada’s main bourse.