TMX Group to Take Control of $2.3 Billion MEMX-BOX Combination
MEMX LLC will merge with BOX, a stock-options market, in a transaction that will place the combined entity under the control of TMX Group Ltd., described by the source as Canada’s largest securities-exchange group. The new MEMX Group is valued at $2.3 billion. TMX Group will contribute $800 million in cash and hold a 59% equity stake. The MEMX transaction is expected to close in the second half of 2027 and has the support of existing investors, including Jane Street, Morgan Stanley, Citadel Securities and Charles Schwab (Schwab).
MEMX LLC will merge with BOX, a stock-options market, in a transaction that will place the combined entity under the control of TMX Group Ltd., described by the source as Canada’s largest securities-exchange group.
The new MEMX Group is valued at $2.3 billion. TMX Group will contribute $800 million in cash and hold a 59% equity stake.
The MEMX transaction is expected to close in the second half of 2027 and has the support of existing investors, including Jane Street, Morgan Stanley, Citadel Securities and Charles Schwab (Schwab).
The new MEMX Group is valued at $2.3 billion. TMX Group will contribute $800 million in cash and hold a 59% equity stake.
The MEMX transaction is expected to close in the second half of 2027 and has the support of existing investors, including Jane Street, Morgan Stanley, Citadel Securities and Charles Schwab (Schwab).