A management-led group is looking to take independent financial services firm Canaccord Genuity private for $1.127 billion.
to take independent financial services firm Canaccord Genuity private for $1.127 billion. It's an all-cash offer – $11.25 per share – that represents a premium of 30.7 per cent to Friday's closing price, and said management group says the offer is fully financed. There's also some momentum behind this, clearly – the management group already owns 21.3 per cent of the outstanding shares, and has secured the support of other shareholders that own a further 10.7 per cent of the float.
Cenovus Energy says severe cold temperatures and winter storms affected refining operations, significantly reducing downstream throughput in December. Our Bloomberg News partners are reporting Goldman Sachs is embarking on one of its largest job cuts ever, planning to cut about 3,200 jobs after a cost review.
Shares of Bed Bath & Beyond are rallying in the premarket – up some 17 per cent – after last week's rout in the wake of the company warning it may be incapable of continuing as a going concern.
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