TMX Group: Profile of Canadian partner of the LSE

Headquartered in Toronto with offices in Montreal, Calgary and Vancouver, TMX Group owns and operates the Toronto Stock Exchange, founded in 1852, as well as the TSX Venture Exchange.

Also, it owns or holds interests in exchange for natural gas from the Canada of Boston Options Exchange, Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services.

1852: Toronto Stock Exchange was officially founded on October 25, 1852, thanks to a resolution adopted by 24 men that have gathered at the Masonic Hall in Toronto. The commercial list consists of 18 titles.

1977: Toronto Stock Exchange launches the first system worldwide computer assisted Trading. The TSE 300 Composite index is also launching.

1997: Toronto Stock Exchange trading floor will close and the Exchange becomes the largest stock exchange in North America to choose a commercial without soil, virtual environment.

2000: The Toronto Stock Exchange became a for-profit company.

2001: Toronto Stock Exchange completes the acquisition of the Canadian Venture Exchange, renamed the scholarship of TSX Venture Exchange in 2002. S & P/CDNX index launched on 10 December. Renamed index S & P/TSX Venture Composite index in May 2002.

2002: Standard and poor assumes management of the Toronto Stock Exchange 300 Composite index may 1. It was renamed the S & P/TSX Index Composite. In September, TSX files preliminary prospectus for initial public offering of its common shares.

2005: In December, for the first time on the Toronto Stock Exchange top 1 trillion dollars for the year.

2007: December 10, Montréal and TSX Group stock exchange announces an agreement to combine organizations to create TMX Group

2008: May 1st, the combination of TSX Group and Montréal Exchange is complete.

2009: May 7, TMX Group acquired 19.9% EDX London Limited, the London Stock Exchange, equity derivatives business.

2010:February 10, Toronto Stock Exchange and TSX Venture Exchange sign an MOU with the Tel Aviv Stock Exchange.

September 20: TMX Group announced that the Toronto Stock Exchange and TSX Venture Exchange sign an MOU with the Oslo Bors.

2011: February 8: TMX Group confirms that it is in talks with London Stock Exchange Group regarding a potential merger to create leading advanced international exchange.

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Wood Group is a likely takeover target?

Most analysts put a price on the part of 12pc gain on the fact the company succeeded in obtaining a price much better than expected for the division well-support – "nearly twice the price than many market practitioners thought that it would get," according to a securities broker.

Andrew Dobbing, JP Morgan Cazenove analyst also noted that "removal raises the competitive positioning of Wood Group" Don in their point of view "more focus and clearer market leadership in its other businesses."

Indeed, Wood Group will now only fully focus of "urban Sites contaminated brownfield production services", a service which consists to renew and maintain existing oil fields for production companies.

Still, there is a sense that persist among some analysts and traders by selling wells-support division, the company did itself a more tempting prospect for a purchaser of the whole group.

Even if a takeover is unlikely to short-term, traders to take into account that a bid on a large scale is possible over the next twelve months.

It is partly because consolidation is intensifying in oilfield services. GE, for example, a hoovered of several companies, including Wellstream listed in London. Wood, meanwhile, Group buys NHP almost billion $ last year.

Keith Morris, analyst of evolution, said: "carriers energy cashed-up see cyclical recovery extends over the next years, so it is better to buy now rather than later, when it will be too expensive."

So, who are likely buyers of group wood?

City notebooks take into account that the company would be an ideal candidate for potential merger to Amec.

The two companies have vigorously denied in the past that a merger is unlikely, but an analyst, said: "It is fair to say that through the sale of wells-support division, the company is now more attractive to Amec."

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