Peter Block

TMX Rally Shows Optimism for Maple Deal Rising

Investors are more optimistic a takeover of TMX Group Inc. by a group of banks and pension funds will go ahead after Canada’s antitrust watchdog said its concerns on the deal may be eased.

Nobody Wants TMX With 198% Arbitrage Profit on Maple Acquisition: Real M&A

Not even the prospect of reaping a 198 percent annualized return in one month can dissuade traders from betting that the $3.73 billion takeover of TMX Group Inc. is more likely to unravel than any other deal in North America.

Yankee Stadium Parking Garages to Make April 1 Debt Payment, Nuveen Says

The operator of parking garages at the new Yankee Stadium , whose revenue is running 40 percent below projections, will make its April 1 debt payment, according to Nuveen Asset Management , which holds about half of the bonds.

Maple Prepared to Extend TMX Bid Past Jan. 31 Pending Approvals

Maple Group Acquisition Corp., comprised of 13 Canadian financial-services firms, will extend its C$3.73 billion ($3.69 billion) offer for TMX Group Inc. past a Jan. 31 deadline if it hasn’t received regulatory approvals to buy Canada’s main equities and derivatives markets.

Hedge Funds Target Yankee Stadium Parking-Garage Muni Bonds Near Default

Hedge funds specializing in distressed debt are buying municipal bonds backed by parking lots and garages at the new Yankee Stadium , which face a payment default as soon as next year, according to two people familiar with the purchases.

LSE Loses With TMX Whether Bid Succeeds or Fails at Loonie Price: Real M&A

In the bidding war for TMX Group Inc., London Stock Exchange Group Plc may need to make an offer it can’t afford for a deal it can’t afford to lose.

Maple to Provide Update on TMX Group Offer as Talks Continue

Maple Group Acquisition Corp., the group of Canadian banks and pension funds seeking to buy the Toronto Stock Exchange owner, will update investors this week on its C$3.73 billion ($3.61 billion) offer as talks continue with regulators and TMX Group Inc.

Manulife Financial Said to Join Maple Group Bid for Toronto Stock Exchange

Manulife Financial Corp. , Canada’s largest insurer, joined a group of Canadian banks and pension funds seeking to buy TMX Group Inc. , owner of the Toronto Stock Exchange, according to a person familiar with the negotiations.

TMX Discount to Maple Group Bid Reflects Regulatory Risk, Chief Kloet Says

TMX Group Inc. Chief Executive Officer Thomas Kloet said the gap between his company’s stock price and a takeover offer by a group of Canadian banks and pension funds reflects investor concerns that regulators may reject the C$3.73 billion ($3.65 billion) deal.

Maple’s TMX Bid Faces ‘Fearless’ Antitrust Watchdog Aitken

Melanie Aitken, Canada’s antitrust regulator, has developed a reputation as a “fearless” guardian of the country’s competition rules in battles against Visa Inc. and Air Canada that suggests she may contest the proposed sale of the Toronto Stock Exchange to a group of banks and funds.

"We expect to have an announcement before the current offer expires on April 30 at 5 p.m.."

- Peter Block on Apr 29, 2012

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Syria Says Israel Strike Sends Fireball Into Night

Subbarao Says India Policy-Easing Room Practically Non-Existent

France Declares Austerity Over as Germany Offers Wiggle Room

Malaysia Government Defeats Anwar to Extend 55-Year Rule

Malaysia Government Widens Election Lead Against Anwar