Brief: Cc Capital And Westaim To Create Integrated Insurance And Asset Management Platform

Aventus Capital

09/10/2024 13:34

Oct 9 (Reuters) - Westaim Corp  WED.V :
    * CC CAPITAL AND WESTAIM TO CREATE INTEGRATED INSURANCE AND
ASSET
MANAGEMENT PLATFORM
    * WESTAIM CORP: CC CAPITAL TO INVEST USD $250 MILLION IN
WESTAIM
AT CAD $4.75 PER SHARE
    * WESTAIM CORP: CO'S TOTAL INVESTABLE CAPITAL BASE TO ABOUT
USD
$700 MILLION
    * WESTAIM CORP: CC CAPITAL WILL BE A "CONTROL PERSON" OF CO
    * WESTAIM CORP: CHINH CHU TO SERVE AS EXECUTIVE CHAIR OF
WESTAIM
    * WESTAIM CORP: INTENDS TO IMPLEMENT SHARE BUYBACK TO
REPURCHASE
UP TO USD $100 MILLION
    * WESTAIM CORP: TO RESTRUCTURE OWNERSHIP OF ARENA TO BUY
REMAINING
49% OF EQUITY OF ARENA FROM BP LLC

Source text for Eikon:  ID:nBw4CSsy1a 
Further company coverage:  WED.V 

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