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C.I. says it might lower hostile bid for Mackenzie

Article Abstract:

Toronto, Ont.-based MacKenzie Financial Corp., which has offered an unusual takeover defense, is trying to fend off a hostile takeover bid from Toronto, Ont.-based C.I. Fund Management Inc. MacKenzie has offered its employees a year's salary if they are laid off after a merger.

Author: Won, Shirley
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
Financial management, Financial Services, Finance and Insurance

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C.I. likely to drop MacKenzie bid

Article Abstract:

C.I. Fund Management will not attempt to acquire MacKenzie Financial in a hostile takeover. AIC Ltd is attempting to acquire MacKenzie in a friendly acquisition.

Author: Won, Shirley
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
Statistical Data Included, AIC Ltd.

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Subjects list: Canada, Mergers, acquisitions and divestments, Financial services industry, Financial services, Mutual funds, Mutual fund industry, MacKenzie Financial Corp., C.I. Fund Management Inc.
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