FirstService Corp: Touches record high after deal to buy property restoration firm

FirstService

23/05/2019 17:20

** Shares of property services firm  FSV.TO  jump 8.2% to
C$125, trading at a record high
    ** Co to buy 95% of property restoration firm Global
Restoration Holdings LLC for $505 mln 
    ** Says deal to be funded through combination of cash and
debt and is expected to close mid year  urn:newsml:reuters.com:*:nGNX3JHp53
    ** Including Thursday's gains, stock has risen ~33% so far
this year

 (Reporting by Debroop Roy in Bengaluru)
 ((Reuters Messaging:
debroop.roy.thomsonreuters.com@reuters.net))