PrefBlog

XTM eXchange Split Corp. has announced:

that the deadline for investors to deposit securities of TSX Group Inc. in connection with the purchase of Units, consisting of Priority Equity Shares and Class A Shares, of the Company pursuant to the Exchange Option, as outlined in the preliminary prospectus of the Company dated April 30, 2008, has been extended to 5:00 p.m. (Toronto time) on June 11, 2008. The applicable exchange ratio will now be based on the volume-weighted average trading price of the common Shares of TSX Group Inc. on the TSX during the three consecutive trading days ending on June 11, 2008.

Prospective purchasers pursuant to the exchange option may acquire (i) Units (one Class A Share and one Priority Equity Share) or (ii) Class A Shares of XTM eXchange Split Corp. Prospective purchasers may also continue to acquire Class A Shares and/or Priority Equity Shares and pay the purchase price in cash.

I noted this potential new issue in a post written on May 5. I haven’t heard anything concrete … and I don’t know what the original closing date was supposed to be … but an extension of the closing date is not usually considered to be a Good Sign.

This entry was posted on Tuesday, May 27th, 2008 at 6:29 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.