Brief: Definity Financial Corp Unit Bought 100% Of Shares Of Mcfarlan Rowlands Insurance Brokers, Affiliated Entities For $232 Million
08/05/2023 15:19
May 8 (Reuters) - Definity Financial Corp DFY.TO :
* DEFINITY FINANCIAL CORP- MCDOUGALL INSURANCE BROKERS, UNIT
OF
CO, BOUGHT100% OF SHARES OF MCFARLAN ROWLANDS INSURANCE BROKERS,
AFFILIATED ENTITIES FOR $232 MILLION
* DEFINITY FINANCIAL CORP- TRANSACTION IS EXPECTED TO BE
IMMEDIATELY ACCRETIVE TO DEFINITY'S OPERATING ROE AND OPERATING
EARNINGS PER SHARE
Source text for Eikon: ID:nCNWBxNYVa
Further company coverage: DFY.TO
((Reuters.Briefs@thomsonreuters.com;))
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