TSX receives topping bid two days early
As the saying goes, I love it when a plan comes together.
When I wrote that the bid would come early next week, I didnt think it would be quite this fast. But, indeed, as you read here yesterday, the TD Bank-led bidding consortia is offering a topping bid for the Toronto Stock Exchange . Id been told Monday was launch day, but obviously it had to be hurried once the blogosphere got a hold of the pending news. Five hours of share trading with that rumour on a backwater blog is all the public markets can/should stomach . As always, it was a pleasure serving our loyal readers.
As for the proposal itself, Hallelujah. This is a great move for Canada, and a smart business deal as well.
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