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Canaccord unveils $367-million offer for wealth manager RF Capital Group

Canaccord unveils $367-million offer for wealth manager RF Capital Group
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Investment dealer Canaccord Genuity Group Inc. is taking a $367-million takeover offer for RF Capital Group Inc. to the company’s public shareholders and employees, after being rebuffed by its rival’s board and largest shareholder, Winnipeg’s Richardson family.
In a bid to unite two of the country’s largest independent wealth management platforms, Toronto-based Canaccord sent RF Capital’s board a letter last Tuesday offering $2.30 a share for the company, a price 31 per cent above where its shares were trading. The following day, RF Capital’s board turned down the bid, without offering reasons, according to a news release from Can ....

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Market movers: Stocks seeing action on Monday - and why

Market movers: Stocks seeing action on Monday - and why
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