Brief: Desjardins Accelerates Growth Across Canada With Strategic Acquisition Of Leading Insurance Distribution Network And Mutual Fund And Investment Dealers From Guardian Capital Group Limited
30/11/2022 12:59
Nov 30 (Reuters) - Guardian Capital Group Ltd GCG.TO :
* DESJARDINS ACCELERATES GROWTH ACROSS CANADA WITH STRATEGIC
ACQUISITION OF LEADING INSURANCE DISTRIBUTION NETWORK AND MUTUAL
FUND AND INVESTMENT DEALERS FROM GUARDIAN CAPITAL GROUP LIMITED
* GUARDIAN CAPITAL GROUP LTD - TRANSACTION VALUE OF $750
MILLION
IS SUBJECT TO CUSTOMARY PURCHASE PRICE ADJUSTMENTS
* GUARDIAN CAPITAL GROUP LTD - INTENDS TO RETAIN MANAGEMENT
AND
EMPLOYEES OF ACQUIRED COMPANIES
* GUARDIAN CAPITAL GROUP LTD - DESJARDINS PLANS TO OPERATE
ACQUIRED COMPANIES AS STAND-ALONE ENTITIES
* GUARDIAN CAPITAL GROUP LTD - DESJARDINS INTENDS TO RETAIN
MANAGEMENT AND EMPLOYEES OF ACQUIRED COMPANIES
Source text for Eikon: ID:nCNWLjdrBa
Further company coverage: GCG.TO
((Reuters.Briefs@thomsonreuters.com;;))
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