TMX Group Announces Agreement to Acquire Cboe Australia and Cboe Canada

TMX Group Limited (TMX Group) announced today an agreement  to acquire Middlebury Holdings Pty. Limited (Cboe Australia) and Cboe Canada Holdings, ULC  (Cboe Canada) from Cboe Global Markets, Inc. for US$300 million ($409 million*) in total  consideration, a transaction that will bolster TMX’s ability to serve clients across the capital  markets ecosystem, expand the company’s global presence, and accelerate the company’s  growth strategy, while reducing cost and complexity for Canadian market participants. 

“We are tremendously excited to announce the acquisition of Cboe Australia and Cboe  Canada, a deal that represents a unique opportunity to strengthen our domestic marketplace  for clients and the entire stakeholder ecosystem, while expanding the reach and impact of our  presence in a region of the world we know well,” said John McKenzie, Chief Executive Officer,  TMX Group. “We look forward to working with our industry partners to ensure a smooth  transition, and to exploring innovative ways to serve the needs of issuers and investors across  the Australian market, while continuing to seek out opportunities to accelerate our enterprise  growth strategy.”  

Cboe Australia and Cboe Canada offer equities trading venues, listing venues and market data  solutions. Cboe Australia is an innovative securities exchange offering companies strategic  tailored support for public market listings, including ETFs, as well as structured products and  warrants, and providing a trading venue for brokers and investors with efficient and cost 

effective access to local and global investment opportunities. Cboe Australia was also recently  granted a license for corporate listings. Cboe Canada includes MATCHNow, NEO-L, NEO-N,  and NEO-D, as well as ETF, CDR and corporate listings. 

“The teams at Cboe Australia and Cboe Canada have delivered consistent performance and  built resilient, high-quality markets,” said Craig Donohue, Chief Executive Officer, Cboe Global  Markets. “These businesses are well positioned for their next chapter, and we will work closely  with TMX, our local regulators, and our clients to ensure a seamless transition.”