UPDATE 3-Canada's TMX posts profit, first results post-takeover

Fri Nov 9, 2012 3:16pm EST
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* To focus on integration of Alpha and CDS, paying down debt

* Still looking at possible acquisitions

* Alpha to continue to operate as marketplace, but not listing venue

* TMX to cut 100 jobs over next 12 months

* Posts adjusted Q3 EPS of C$0.67 per share

By Solarina Ho

TORONTO, Nov 9 (Reuters) - Canada's TMX Group Ltd will focus on paying down C$1.5 billion ($1.50 billion) in loans, even as it looks for chances to expand its business through acquisitions, the operator of the Toronto Stock Exchange (TSX) said on Friday.

TMX reported a third-quarter profit in its first quarterly statement since it was taken over by a consortium of major Canadian financial institutions, but said earnings were hurt by a slowdown in capital markets activity and uncertain macroeconomic conditions.

"It's been generally a tough summer across the exchange landscape," said Ed Ditmire, an analyst with Macquarie Research.   Continued...