Quebec fund titan backs AIC bid

Article Abstract:

Toronto, Ont.-based Mackenzie Financial Corp. has received a hostile takeover bid of $3.9 billion from C.I. Fund Management Inc. Burlington, Ont.-based AIC Ltd. bid has obtained the backing from Montreal-based Caisse de Depot et Placement du Quebec for a rival bid for Mackenzie.

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AIC, Caisse mull richer bid for Mackenzie

Article Abstract:

AIC Ltd. and Caisse de depot et placement du Quebec are negotiating with Mackenzie Financial Corp. regarding a friendly bid to buy the company. The deal would kill C.I. Fund Management Inc.'s $3.4-billion hostile takeover attempt of Mackenzie.

Strategy & planning, Planning

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AIC to launch rival bid for Mackenzie Financial

Article Abstract:

AIC Ltd. is ready to make a rival offer to acquire Mackenzie Financial Corp. C.I. Fund Management Inc. has already made a hostile bid of C$3.9 billion. AIC is the largest shareholder in Mackenzie, will control over 20% of the firm.

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