Maple Group’s bid to take over the operator of Canada’s major stock exchanges has been given the green light by the Competition Bureau.
The federal regulator says it won’t challenge Maple’s proposed takeover of T-M-X Group.
Maple, composed of a group of Canada’s biggest pension plans, banks and other financial institutions, also received approval from the Ontario Securities Commission.
The proposed takeover bid still needs the go ahead from securities regulators in B-C and Alberta.
