http://www.reuters.com/finance/stocks/keyDevelopments?rpc=66&symbol=MFC.TO×tamp=20090916231900
Manulife Financial's Elliott & Page Limited Enters Into Agreement To Acquire All Outstanding Shares of Markland Street Asset Management Inc.
Markland Street Asset Management Inc. announced that, Elliott & Page Limited, a wholly owned subsidiary of Manulife Financial, has signed an agreement to acquire all the outstanding shares of Markland. The purchase, being made in conjunction with the acquisition of the Canadian retail investment fund business of AIC Limited, an affiliate of Markland, will mean that Manulife will become the parent company of Markland, the manager of the Oil Sands Sector Fund and the Markland AGF Precious Metals Corp. The transaction is expected to close by September 30, 2009. Financial details of the transaction were not disclosed.
No comments:
Post a Comment