Yorkton Securities to split into two firms

Article Abstract:

Yorktown Securities Inc. intends to reorganize into two companies, a retail brokerage to be based in Vancouver in British Columbia, Canada, and an institutional equity firm based in Toronto in Ontario, Canada. The retail business consisting of a network of 160 brokers will be involved in the sale of small-capitalization mining stocks. The Toronto brokerage house will be involved in the sale of large-capitalization stocks of mainly technology companies. Yorktown, which is owned by its employees, opted for the split after receiving merger offers from at least three of its rival independent dealers.

Comment:

Intends to reorganize into 2 companies, a retail brokerage in Vancouver & an institutional equity house in Toronto, Canada

Strategy & planning, Yorktown Securities Inc.

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Gordon seeking partner

Article Abstract:

Gordon Capital Corp. is discussing possible merger with potential merger partners. According to the company's rivals, the company's controlling shareholder, Richard Li, may sell his stake in the company. The company is among Canada's top 10 institutional equity houses, but its investment banking department has been silent compared with competitors. Meanwhile, industry sources say that Hongkong Bank of Canada, a unit of Hongkong and Shanghai Banking Corp., and Dundee Bancorp Inc. are among the company's potential buyers.

Comment:

Is discussing possible merger with potential merger partners

Acquisitions & mergers, Gordon Capital Corp.

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