VANCOUVER, British Columbia (Reuters) - A group of Canadian banks and pension funds mounting a hostile bid for the TMX Group
The so-called "Maple Group" said Desjardins Financial Group, GMP Capital Inc
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Maple Group, which takes its name from Canada's patriotic maple leaf symbol, says their offer is financially superior to the C$3.5 billion bid from the London Exchange and will keep ownership of the TMX within the country's borders.
Maple Group's original members were Toronto Dominion Bank
($1= 98 Canadian cents)
(Reporting Allan Dowd, Editing Marguerita Choy)