Assante snaps up another firm

Article Abstract:

Assante Capital Management Inc. of Winnipeg, Manitoba, has reached an agreement to acquire 75% interest of Merrill Lynch Canada Inc. in financial services firm Financial Concept Group Ltd. for an undisclosed amount. The acquisition would increase the total assets under management of Assante to just more than C$24 billion, thus strengthening the position of the company as the biggest independent financial advisory company in Canada. Financial Concept, which handles around C$5.6 billion in customer assets, is the owner of Winnipeg-based mutual fund dealer ProFund Distributors Ltd., money manager Alpha Strategic Partners Ltd. of Toronto, Ontario, and Toronto-headquartered mutual fund dealer Financial Concept Corp. and its brokerage unit FCG Securities Corp.

Comment:

Reaches a deal to acquire 75% interest of Merrill Lynch Canada Inc in financial services co Financial Concept Group Ltd

Securities Dealers, Investment Banking and Securities Dealing, Manitoba, Merrill Lynch Canada Inc., Article, Assante Capital Management Inc.

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AGF snaps up Global Strategy

Article Abstract:

AGF Management Ltd. has acquired Global Strategy Holdings Inc. in a $438-million deal that will make AGF the seventh-largest mutual fund company in Canada. Under the terms of the AGF's cash-and-stock transaction, it could pay up to an additional $13-million depending on Global Strategy's assets. The deal will close around the end of October 2000. AGF will pay between 67 to 75% in cash or notes and the remainder in AGF class B non-voting shares.

AGF Management Ltd., Global Strategy Holdings

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Masonite seen slamming door on KKR bid

Article Abstract:

A report is presented on the proposed take over deal of Kohlberg Kravis Roberts & Co. by Masonite International Corp. The deal might get cancelled, as both companies did not come into a compromise on the deal price. Details of discussions of both companies are presented.

United States, Investment Funds & Trusts, Millwork, Wood Products Machinery, Sawmill and Woodworking Machinery Manufacturing, Mergers, acquisitions and divestments, Company acquisition/merger, Woodworking industry, Kohlberg Kravis Roberts & Co., Masonite International Corp.

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