Luc Bertrand on the case for Canadian ownership of TMX

Maple Group Acquisition Corp. -- the consortium of financial services firms, broker-dealers and pension funds attempting to unseat a friendly merger between TMX Group Inc. and the London Stock Exchange -- is urging TMX shareholders to vote against that plan later this month to retain the ability to tender to its hostile bid by Aug. 8

The so-called plumbing beneath Canada's stock exchanges is at the heart of a hostile bid for TMX Group Inc. and it is becoming a key element in determining which deal prevails in a hard-fought battle between the London Stock Exchange and Maple Group

The board of Toronto Stock Exchange owner TMX Group Inc. dismissed a bid by a consortium of banks and pension funds late Friday, saying it "does not constitute a superior proposal" to a planned $3.2-billion merger with the LSE Group

The Globe's Boyd Erman tweets live from the TMX-LSE hearing, starting at noon ET

TMX Group Inc. said Thursday deputy chief executive Luc Bertrand will resign from the exchange company on June 30.