DEBT FINANCING. TMX takeover bid extended

The $3.8-billion takeover bid from a group of Canadian financial companies and pension plans for the owner of the Toronto Stock Exchange has been extended to the end of October.
The consortium, which is dubbed Maple Group, announced the extension Thursday.
The bid from the consortium had been due to expire on Friday.
Maple Group said it is still working to obtain the required regulatory approvals for the acquisition.
In February, TMX Group and LSE Group, the parent of the London Stock Exchange, announced plans for a friendly merger, but Maple Group subsequently launched its own bid.
After a round of bid raising, the LSE-TMX deal fell apart when it became clear there was not enough support from TMX shareholders to get it approved with a richer offer from Maple on the table.
In addition to the Toronto Stock Exchange, TMX Group also operates the TSX Venture market, the Montreal-based futures market, and an oil and gas trading business in Calgary.
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