TMX says hostile bid could come any day

The counter-offer from the Maple Group consortium could disrupt TMX's planned friendly merger with London Stock Exchange Group Plc <LSE.L>, which offered to buy the Toronto Stock Exchange parent for about $3.5 billion.

TMX Chief Executive Tom Kloet was speaking at a conference hosted by Sandler O'Neill.

(Reporting by Jonathan Spicer, editing by Gerald E. McCormick)