58
Markets3h 32m ago

TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap.

Archive Window: 7 Days Left

Canada

Who
Scotia Capital Markets analyst Phil Hardie
What
TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap.
When
Fri, 12 Jun 2026 21:31:17 GMT · 3h 32m ago
Where
Canada ·
Why
The acquisition of RAFI Indices supports TMX's goal of expanding recurring revenue and boosting international revenue.
The Frontline Impact

How this affects you

This acquisition by TMX Group Ltd. is expected to drive earnings momentum and consolidate its market position, leading an analyst to project a 40% stock upside for the company. The deal could influence investment strategies in Canadian financial markets due to TMX's role as operator of the S&P/TSX composite index.

Story chain

4 events in this thread
  1. Markets3h 32m ago
    TMX Group Ltd. recently acquired RAFI Indices for $683 million, and an analyst is pricing in 40% upside for the stock.
    Open article
  2. Markets3h 32m ago
    TMX Group Ltd. acquired RAFI Indices for $683 million, a move that Scotia Capital Markets analyst Phil Hardie believes supports TMX's goal of expanding recurring revenue and boosting international revenue.
    Open article
  3. Markets3h 32m ago
    TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap, with an analyst maintaining a $71 price target and 40% upside for the stock.
    Open article
  4. Currently Reading3h 32m ago
    TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap.

Verified Sources & Citations