Dundee buys rival investment dealer Deacon

Article Abstract:

Dundee Securities Corp. will acquire Deacon Capital Corp., creating a company with offices in Toronto, Ontario; Montreal, Quebec; Vancouver, BC; and Calgary, Alberta. Under the deal, Deacon will be combined with Dundee's existing securities operation. The acquisition will give Dundee a small retail unit, with 19 stockbrokers. According to the company's CEO, Don Charter, the acquisition will give the company a strong presence in the private investors market and enhance its existing institutional operations.

Comment:

Will acquire Deacon Capital

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Deacon CEO resigns

Article Abstract:

Deacon Capital Corp., an investment-dealing firm, had Gwyer Moore, its chief executive, resigning from his position in the company. Moore's departure from Deacon Capital occurred prior to the firm's acquisition by Dundee Securities Corp., a rival firm in the investment-dealing industry. Deacon Capital will be purchased by Dundee Securities under a proposed agreement that is scheduled for a prior-to-the-end-of-1998 completion.

Comment:

Will acquire Deacon Capital under a proposed agreement that is scheduled for a prior-to-the-end-of-1998 completion

Executive changes & profiles

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