Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, November 18, 2022

Article Excerpt

TMX GROUP LTD., $135.65, symbol X on Toronto, is an operator of public trading platforms and a provider of ancillary services. The company owns Canada’s two primary stock exchanges, the Toronto Stock Exchange and the Montreal Exchange, as well as clearing entities for domestic Canadian markets (CDS and CDCC). It also holds U.K.-based Trayport, a trading software provider, and AST Trust Company, a leading provider of transfer agency, corporate trust and related services to Canadian public and private companies. On November 7, 2022, TMX Group announced it will acquire Boston-based Wall Street Horizon Inc. That firm provides institutional traders and investors with comprehensive forward-looking corporate event data. Covering 10,000 companies worldwide, it offers more than 40 corporate event types including earnings calendars, dividend dates, stock splits, mergers and acquisitions, investor conferences and more. The acquisition is part of the push by TMX Group’s Datalinx business to expand the quality of content and services it provides to its global customer base. The purchase…