C.I. CEO doing it 'for our shareholders'

Article Abstract:

William Holland, the president and chief executive officer of C.I. Fund Management Inc., offered an explanation for his company's hostile takeover bid for Toronto, Ont.-based Mackenzie Financial Corp. The CEO said his company is acting to increase shareholder value.

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C.I. launches hostile bid for Mackenzie

Article Abstract:

Toronto, Ont.-based Mackenzie Financial Corp. has received a $3.9 billion hostile takeover bid from C. I. Fund Management Inc. Mackenzie, which is expected to receive rival bids, is searching for a white knight to defend against the hostile takeover.

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Place your bets on Mackenzie's next move

Article Abstract:

Executives with Mackenzie Financial Corp. said that they will fight off CI Fund Management Inc.'s acquisition bid. CI Fund is offering to acquire Mackenzie for C$3.9 billion in cash and shares.

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