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MANAGEMENT-LED GROUP PROVIDES UPDATE REGARDING OFFER TO ACQUIRE COMMON SHARES OF CANACCORD GENUITY GROUP
MANAGEMENT-LED GROUP PROVIDES UPDATE REGARDING OFFER TO ACQUIRE COMMON SHARES OF CANACCORD GENUIT...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n \n \n \n MANAGEMENT-LED GROUP PROVIDES UPDATE REGARDING OFFER TO ACQUIRE COMMON SHARES OF CANACCORD GENUITY GROUP\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 2, 2023\n \n \n /CNW/ -\n \n 1373113 B\n \n .C. Ltd. (the \"Offeror\") and a management-led group consisting of officers and employees (collectively, the \"CG Employee Group\", and together with the Offeror, the \"Offerors\") of Canaccord Genuity Group Inc. (\"Canaccord Genuity\" or the \"Company\") (TSX: CF) and its subsidiaries that have offered to acquire all of the issued and outstanding common shares of the Company (other than certain common shares beneficially owned by the CG Employee Group) (the \"Offer\"), today provided an update in relation to the Offer.\n \n \n The Offeror believes there is no reasonable chance that the substantive conditions to the Offer will be satisfied at or prior to the Offer's current expiry time of\n \n 11:59 p.m.\n \n (\n \n Toronto\n \n time) on\n \n June 13, 2023\n \n , including conditions that cannot be waived and conditions that the Offeror does not intend to waive. Where the conditions to the Offer are not satisfied or waived (where permitted) and the Offeror does not extend the expiry time, the Offer will terminate and no common shares will be acquired by the Offeror. At this time, the Offeror has made no final determination as to whether it will extend the Offer and there can be no assurance that the Offer will be extended.\n \n \n Confirmation as to whether the conditions to the Offer were satisfied and notice as to whether the Offer has been extended will be provided in accordance with the terms of the Offer Documents (as defined below) and applicable law and are expected to be publicly announced on\n \n June 14, 2023\n \n prior to the start of trading.\n \n \n \n ABOUT THE OFFER\n \n \n \n The Offer is open for acceptance until\n \n 11:59 p.m.\n \n (\n \n Toronto\n \n time) on\n \n June 13, 2023\n \n , unless extended, accelerated or withdrawn.\n \n \n The Offer is subject to...