Brief: Definity Financial Corporation Announces Agreement To Acquire Canadian Operations Of Travelers For $3.3 Billion And Concurrent $351 Million Private Placements Of Common Shares

Definity Financial

27/05/2025 21:20

May 27 (Reuters) - Definity Financial Corp DFY.TO:

DEFINITY FINANCIAL CORPORATION ANNOUNCES AGREEMENT TO ACQUIRE CANADIAN OPERATIONS OF TRAVELERS FOR $3.3 BILLION AND CONCURRENT $351 MILLION PRIVATE PLACEMENTS OF COMMON SHARES

DEFINITY FINANCIAL CORP: PROPOSED DEAL IMMEDIATELY ACCRETIVE TO OPERATING EPS

DEFINITY FINANCIAL CORP:  EXPECT ABOUT $100 MILLION (PRE-TAX) OF RUN-RATE EXPENSE SYNERGIES FROM DEAL

Source text: ID:nCNWl1cxka

Further company coverage: DFY.TO

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