TORONTO, Aug. 12, 2021 /CNW/ - TMX Group today announced
it has completed the acquisition of AST Investor Services Inc.
(Canada) and its subsidiary AST
Trust Company (Canada), a leading
provider of transfer agency, corporate trust, and related services
(the "Acquisition"). The total consideration of the
Acquisition was $165 million which
includes $30 million of cash. The
transaction was first announced in September
2020.
The Acquisition is expected to enhance the competitive position
of TMX Group's TSX Trust business by adding a complementary
portfolio of transfer agency, equity plan solutions, corporate
trust, structured finance, and proxy-related services. By
broadening the scope and scale of its service offerings, TSX Trust
has strengthened its ability to serve the evolving needs of
customers across the marketplace and into the future.
About TMX Group (TSX:X)
TMX Group operates global markets and builds digital communities
and analytic solutions that facilitate the funding, growth and
success of businesses, traders and investors. TMX Group's key
operations include Toronto Stock Exchange, TSX Venture
Exchange, TSX Alpha Exchange, The Canadian Depository for
Securities, Montréal Exchange, Canadian Derivatives
Clearing Corporation, and Trayport which provide listing
markets, trading markets, clearing facilities, depository services,
technology solutions, data products and other services to the
global financial community. TMX Group is headquartered in
Toronto and operates offices
across North America (Montréal,
Calgary, Vancouver and New
York), as well as in key international markets including
London and Singapore. For more information about TMX
Group, visit our website at www.tmx.com. Follow TMX Group on
Twitter: @TMXGroup.
SOURCE TMX Group Limited