Mackenzie scores with investment in Midland

Article Abstract:

Mackenzie Financial Corp., a large mutual fund company, has seen the value of its shares in Midland Walwyn Inc. of Toronto, Ontario, grow more than sixfold since being bought during the bear market of 1990. In connection, Merrill Lynch & Co. Inc. of New York is offering to acquire those seven million shares which are equivalent to around 20% of Midland. The stock is presently valued at around C$233 million, after being bought at only around $34 million. Midland Walwyn posted C$569 million in revenues for 1997.

Comment:

Is offering to acquire seven million shares or around 20% of Midland Walwyn Inc. from Mackenzie Financial Corp.

Securities Dealers, Investment Banking and Securities Dealing, Strategy & planning, Financial Services, Finance and Insurance, New York, Merrill Lynch & Company Inc., Article, Midland Walwyn Inc., Mackenzie Financial Corp.

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AGF shares jump on Trimark talk

Article Abstract:

Toronto, Ont.-based Trimark Financial Corp., which is a mutual funds company, may sell a controlling stake to AGF Management Ltd. Trimark, which is led by chief executive officer Robert Krembil, may obtain as much as $1 billion through the sale.

Investment Offices, Investment Companies, Open-End Investment Funds, Mutual Fund Mgmt Companies, Portfolio Management, Mergers, acquisitions and divestments, Mutual funds, Mutual fund industry, Trimark Financial Corp., AGF Management Ltd.

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