TMX Group in talks over Maple deal

TORONTO bourse operator TMX Group is said to have entered into talks with Maple, the consortium that derailed an agreed merger between TMX and the London Stock Exchange.

Ontario finance minister Dwight Duncan told Canada's Financial Post newspaper that discussions between TMX and Maple Group Acquisition Corp were underway.

Duncan had been a vocal critic of the LSE proposal. Like other opponents, he raised concerns over London gaining control over Canadian capital markets and the prospect of Toronto losing its status as a financial center.

Maple Group became the only bidder late last month after the LSE, led by Xavier Rolet (pictured), pulled out because it appeared unlikely to win support from two thirds of TMX shareholders to tie-up the deal.