Canadian exchange operator TMX Group announced that its friendly offer to buy more than 90% of the shares of Sydney-based Razor Risk Technologies Ltd. was accepted.

The roughly AUD$10 million offer, first made in November by wholly-owned subsidiary TMX Australia, will pay 3.49 cents per share. The offer was accepted by owners of 91.2% of the shares, satisfying the bid’s initial 90% condition. Razor shares on the Australian Stock Exchange will be suspended from trading and delisted after the compulsory acquisition process is completed.

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