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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (151912)	6/14/2023 9:45:53 AM
From: Goose94	Read Replies (1) \| Respond to of 203329

Canaccord Genuity Group (CF-T) Take-private Plan Abandoned The management-led leveraged buyout aimed at taking Canaccord Genuity off the public markets has fallen apart after the group failed to get swift regulatory approval for the deal. The group – led by CEO Dan Daviau and Chair David Kassie – are walking away from the deal, rather than extending the deadline (which expired yesterday) as the company had sought. Last month, Canaccord warned it was dealing with an “ongoing regulatory matter” at one of its foreign divisions that could drag out the timeline of the deal past that deadline, though it didn’t specify exactly what the regulatory matter was. All that being said, it looks like markets were expecting such an outcome – shares of Canaccord have been trading a bit more than 20 per cent south of the offer price of $11.25. BNN.ca