October 27, 2017 / 11:23 AM / 2 months ago

BRIEF-TMX Group announces agreement with ICE to acquire Trayport, sell NGX

Oct 27 (Reuters) - TMX Group Ltd

* TMX Group announces agreement with Intercontinental Exchange to acquire Trayport and sell NGX

* TMX Group Ltd - ‍agreement to acquire London-based Trayport Holdings Limited, and its U.S.-based affiliate, Trayport Inc​

* TMX Group - deal is expected to have a positive impact on TMX Group’s adjusted earnings per share, being immediately accretive in 2018, before any synergies​

* TMX Group Ltd - deal for £550 million / C$931 million in total consideration, including £350 million / C$592 million in cash​

* TMX - regarding proposed buy of Trayport, co to sell natural gas exchange,Shorcan Energy Brokers to ICE, valued at combined £200 million / C$339 million​

* TMX group-deal expected to be funded via combination of about C$200 million cash, about C$175 million of commercial paper, balance via credit of C$650 million​ Source text for Eikon: Further company coverage:

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