Brief: Mubadala Capital To Take CI Financial Private Via Premium, All-Cash Offer

CI Financial

25/11/2024 14:10

Nov 25 (Reuters) - CI Financial Corp  CIX.TO :
    * MUBADALA CAPITAL TO TAKE CI FINANCIAL PRIVATE VIA PREMIUM,
ALL-CASH OFFER
    * CI FINANCIAL CORP - SHAREHOLDERS TO RECEIVE $32.00 PER
SHARE IN
CASH
    * CI FINANCIAL CORP - OFFER VALUES CI'S EQUITY AT $4.7
BILLION
    * CI FINANCIAL CORP - DEAL IMPLIES ENTERPRISE VALUE OF $12.1
BILLION
    * CI FINANCIAL CORP - KURT MACALPINE TO CONTINUE AS CEO OF
CI
    * CI FINANCIAL CORP - TO PAY $150 MILLION TERMINATION FEE IN
CERTAIN CIRCUMSTANCES
    * CI FINANCIAL CORP - MUBADALA CAPITAL TO PAY $225 MILLION
REVERSE
TERMINATION FEE IN SOME CIRCUMSTANCES

Source text:  ID:nBw41cW26a 
Further company coverage:  CIX.TO 

 ((Reuters.Briefs@thomsonreuters.com;))