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Maple Announces Completion of Acquisitions of CDS and Alpha
Published on 02 Aug 2012
Maple has acquired CDS for an aggregate consideration of $167.5 million. The CDS amalgamation agreement was ratified by shareholders at a meeting on July 31, 2012. The aggregate consideration paid by Maple for the acquisition of Alpha is $175 million, pending conclusion of the previously disclosed arbitration proceedings to be completed in respect of certain Alpha securityholders, which may result in an additional amount being payable to the applicable holders in excess of the amount already paid to them.
Tom Kloet, Maple and TMX Group CEO, said: "We welcome the teams and businesses to our group of companies and look forward to working with them on expanding the suite of products and services we offer."
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