Stocks in play: Canaccord Genuity Group
Announces that, through its Canadian wealth management business, it has entered into a definitive agreement with Mercer Global Investments Canada Limited to acquire Mercer's Canadian Private Wealth business. The acquisition is expected to add approximately $1.5 billion to Canaccord Genuity Wealth Management's total client assets. The transaction is expected to close within the next three months and is subject to a number of closing conditions, including regulatory approval. Canaccord Genuity Group shares T.CF are trading up $0.12 at $11.63.
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