TSX Group Inc. entered into a five-year strategic alliance with Canada Newswire Ltd. (CNW), effective August 20, 2003. The value of the deal is undisclosed. Under the alliance, the parties established CNX Marketlink, a comprehensive suite of enhanced investor communication tools, combining the existing offering of CNW’s products and services with TSX technology to deliver best-of-class communication solutions for publicly-listed companies. The CNX Marketlink suite of communications solutions include: (i) the distribution of news releases and alerts through Canadian Disclosure Network, as well as LinxPointOne; (ii) webcasting and conference call services that will enable the delivery of time-sensitive information around the country and around the world; and (iii) regulatory filing services for both SEDAR(R) and EDGAR to facilitate public companies’ compliance with applicable securities disclosure laws.
The TSX legal team was directed by Richard Nesbitt, president, TSX Markets, and Eric Sinclair, senior vice-president, TSX Datalinx. Legal negotiations on behalf of TSX were led in-house by Sharon Pel, vice-president, corporate development, general counsel and corporate secretary, and Gary Tamura, legal counsel, regulatory. TSX’s in-house legal team was assisted by Daniel Logan and John Leddy of Osler, Hoskin & Harcourt LLP, and by George Addy and Lori Cornwall of Davies Ward Phillips & Vineberg LLP.
CNW was represented in-house by Tom Enright, president, and Rick Giel, CFO. Legal negotiations on behalf of CNW were handled by Daniel Gormley of Goodmans LLP.