Assante drops stock price after weak IPO reception

Article Abstract:

Assante Corp has been compelled to reduce its stock price at a lower-than- anticipated C$9.50 per subordinate voting share after the Winnipeg, Canada-based financial services holding firm generated only C$75 million of an aim of C$125 million from its initial public offering. The firm, which still believes its IPO is still the biggest one to date in the country, anticipates to present a final prospectus in the third week of May 1999.

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Assante shares surge as duel-class voting ends

Article Abstract:

Assante Corp.'s shares rose yesterday after the company announced it eliminated its dual-class voting structure in a bid to boost interest from institutional shareholders and increase its declining stock price.

Holding Offices

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Brookfield bonus for investors

Article Abstract:

The reasons behind the decision of Brookfield Asset Management Inc., to split stock rise dividend by 50% for investors, are presented.

Financial management, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Investor relations, Company securities

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