Cboe Global Markets to sell Canadian, Australian equities exchanges for $300M

Cboe Global Markets (CBOE) announced that it has reached a definitive agreement to sell its Canadian and Australian equities exchanges, Cboe Canada and Cboe Australia, to TMX Group. The aggregate sale price is $300M. The transaction is subject to customary closing conditions, including applicable regulatory approvals. The acquisitions of Cboe Australia and Cboe Canada are expected to close separately, each after required approvals have been obtained. Until the transactions close, Cboe will continue to operate both exchanges as usual. Cboe will work closely with customers, regulators, and other key stakeholders in both jurisdictions to support a smooth and orderly transition. Additionally, Cboe will provide transition services support for a limited time post closing. Cboe will provide an update regarding the potential financial implications of the transaction during its first quarter earnings call taking place on Friday, May 1.