Canaccord Genuity management looks to take company private

Kathleen Gallagher
clock • 2 min read

Senior management of Canaccord Genuity has launched a C$1.1bn bid to take the business private, as it believes the public markets place a low value on the business.  The offer, announced yesterday (9 January), is $11.25 per share, a 30.7% premium to the price of the common shares on 6 January. Peter Hargreaves: 'It is hardly surprising' HL's shares 'have collapsed' - reports The offer group holds about 21.3% of the issued and outstanding common shares, held by the CEO, members of the global operating committee, senior and tenured employees from the firm. Management of Canaccord ...

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