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MANAGEMENT-LED GROUP FORMALLY COMMENCES ALL-CASH OFFER FOR THE COMMON SHARES OF CANACCORD GENUITY GROUP INC.
MANAGEMENT-LED GROUP FORMALLY COMMENCES ALL-CASH OFFER FOR THE COMMON SHARES OF CANACCORD GENUITY...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n \n \n \n MANAGEMENT-LED GROUP FORMALLY COMMENCES ALL-CASH OFFER FOR THE COMMON SHARES OF CANACCORD GENUITY GROUP INC.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen5{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n Offer Price of\n \n C$11.25\n \n in cash per Common Share, represents a 41.9% premium to the 20-day VWAP on\n \n January 6, 2023\n \n (the last trading day prior to the public announcement of the Offer); Offeror group is led by Canaccord Genuity's executive leadership with the support of its largest external Shareholder, among others, holding in the aggregate 21.3% and 10.7% of the outstanding Common Shares, respectively.\n \n \n \n \n \n \n \n \n Opportunity for immediate liquidity and certainty of value for redeployment of capital at a compelling valuation; surfaces value in a security that is underperforming in the public equity markets.\n \n \n \n \n \n \n \n \n RBC valuation range is highly theoretical, unrealistic and flawed.\n \n \n \n \n \n \n \n \n Shareholders can tender their Common Sh...