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Toronto competition lawyer Michael Osborne, a partner with Affleck Greene McMurtry LLP, writes in a comment piece for the Financial Post that with the recent announcement that 91 per cent of TMX Group Inc.’s shareholders tendered their shares to Maple Group Acquisition Corp, Canada is “only weeks away from a stock exchange monopoly.” Read Financial Post Article
“Having a publicly traded TMX meant you had very diverse ownership and there just wasn’t quite the same level of inherent temptation built into the structure,” Osborne is also quoted in ILFR.com.