Meanwhile,
Financial group offers buy rf new:
The Quebecer IA financial group is preparing to. In addition, buy the independent wealth manager RF Capital for nearly $ 600 million.
Registered on the Toronto Stock Exchange, RF Capital is a Canadian company exercising its activities under the Heritage brand Richardson. For example, The latter, owner at 44% of RF shares, has 189 advisers in 23 offices in the country.
IA offers shareholders of RF Capital the payment. Meanwhile, entirely in cash, of $ 20 per share, more than double (107%) of the closing price ($ 9.65) of RF Capital Friday on the Toronto Stock Exchange.
The sum also represents 102% of the weighted average course of its shares in the last 30 days. However, The members of the board of directors of RF Capital have spoken unanimously in favor of this sale.
Bond of the financial group offers buy rf new assets
For IA. this acquisition would be the first consequence of increasing its assets under administration of 40 billion (G $). At the end of this transaction. which should be concluded during the fourth quarter of 2025, its net assets would reach $ 175g.
It would also create economies of scale in terms of price. distribution and digital strength, argued Stephan Bourbonnais, executive vice-president, IA wealth management.
Despite this regrouping. the synergies envisaged, RF Capital should retain its operational independence and its own brand identity, confirms the AI press release.
The acquisition will be funded by available liquidity and should reduce the IA solvency ratio by around six percentage points. The management of IA warns that this transaction will have a neutral effect on the operating profit in the first year. but that from the second year, it will have a positive impact of at least $ 0.15 on its financial group offers buy rf new profit per share.
The shareholders of the financial group have reacted little to this announcement. Shortly before 3 p.m. Monday, the Quebec company title was negotiated at $ 143.15, down 0.86% compared to Friday’s closure. Since the start of the year, its value has increased 8.85% on the Toronto Stock Exchange.
Financial group offers buy rf new
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