TMX Group and MEMX Announce Strategic Combination of MEMX and BOX into US$2.3 Billion MEMX Group
Strategic combination features funding of approximately US$800 million in cash (plus contribution of BOX stake) from majority owner TMX Group, supported by key MEMX and BOX participants rolling equity into the new combined group
The expanded US multi-asset class operator will hold three exchange licenses and represents approximately 10% of the US listed options volume
Read the press release:
tmx.com/en/newsroom/press-re…