Canada’s TMX Group in Talks to Buy Cboe Australia, AFR Says

Toronto Stock Exchange owner TMX Group Ltd. has become the preferred bidder to purchase Cboe Global Markets Inc.’s Australian unit, the Australian Financial Review reported, a deal that would offer some certainty for the future of the country’s second-largest exchange operator.

TMX has held lengthy talks and spoken with the Australian Securities and Investments Commission, the AFR reported, citing two unidentified sources with knowledge of the matter. Macquarie Capital advised TMX, while Cboe was advised by Barclays, the report said.