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SPECIAL COMMITTEE OF CANACCORD GENUITY GROUP INC. PROVIDES UPDATE
SPECIAL COMMITTEE OF CANACCORD GENUITY GROUP INC. PROVIDES UPDATE Canada NewsWire ...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n \n \n \n SPECIAL COMMITTEE OF CANACCORD GENUITY GROUP INC. PROVIDES UPDATE\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 Retained\n \n Greenhill\n \n & Co. Canada Ltd. as financial advisor to the new Special Committee\n \n \n New Special Committee evaluating and considering the management offer and considering any viable alternatives\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 22, 2023\n \n \n /CNW/ - The Special Committee of the Board of Directors of Canaccord Genuity Group Inc. (TSX: CF) (the \"Company\" or \"Canaccord\") today provided an update following the announcement by the Company on\n \n March 13, 2023\n \n of a newly constituted committee and the announcement earlier this week of the appointment of additional directors.\n \n \n The Special Committee, comprised of\n \n Michael Auerbach\n \n (Chair),\n \n Amy Freedman\n \n ,\n \n Terry Lyons\n \n ,  and\n \n Rod Phillips\n \n , is evaluating and considering the existing take-over bid made by certain members of the Company's management team (the \"Management Group\") to acquire all of the common shares of the Company not already owned by the Management Group at a price of\n \n $11.25\n \n per share (the \"Offer\") and considering any viable alternatives to the Offer.  The Special Committee members, with the support of the committee's independent advisors, are working diligently to fulfil their mandate of providing a recommendation to the Board in respect of the Offer by, among other things, (i) reviewing full and detailed sets of minutes of the prior Special Committee and its reports to the Board, (ii) developing a full understanding of the prior Special Committee's process and progress in respect of the Offer and any available alternatives, (iii) reviewing reports, valuations and other materials received from advisors to the prior Special Committee, and (iv) meeting with former and new advisors to the Special Committee. As a result of these reviews, the Special Committee is gaining an understanding of the work of the prior Special Committee, hi...