Razor develops and integrates economic capital, market, credit and liquidity risk management requirements across multiple asset classes.
TMX Group will pay 3.49 cents per share, equivalent to an enterprise value of AUD$10m.
Razor’s major shareholder has entered into a customary shareholder lock-up agreement under which it has agreed to accept into the offer all of its shares in Razor, which represents approximately 15% of Razor.
TMX Group senior vice president, group head of information technology Brenda Hoffman said that the acquisition of Razor supports several areas of TMX Group’s strategy and it provides a point of entry into the attractive risk management sector. They are very pleased to be joining forces with the Razor employee team to offer their customers enhanced risk management services and products.
