Brief: Aston Hill, Front Street Capital to combine

Flow Capital

09/09/2016 13:32

Sept 9 (Reuters) - Aston Hill Financial Inc  AHF.TO  
    * Aston hill and front street capital to combine creating 
leading independent asset manager 
    * Following completion of transaction, company's interim ceo 
james werry will step down 
    * Front street partners to own 46% and aston hill 
shareholders to own 41% of combined company 
    * Following completion of transaction aston hill will be led 
by a new chief executive officer, joe canavan 
    * Under terms of transaction, current front street partners 
will receive 120 million aston hill common shares 
    * Says combined company to have approximately $3.1 billion 
in aum as of august 31, 2016 
    * In conjunction with transaction, company will consider 
undertaking a private placement of common shares 
 
Source text for Eikon:  ID:nCCN7wqzDV  
Further company coverage:  AHF.TO  
 
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