Canaccord Capital Inc. to acquire Adams Harkness Financial Group Inc.
US$20 million deal creates new Canaccord Adams brand in U.S.
- By: IE Staff
- September 13, 2005 September 13, 2005
- 10:22
US$20 million deal creates new Canaccord Adams brand in U.S.
Joint venture, PPI Canada, to service institutional investors
Banks could seek to lower charges by indirect investments
Personal savings rate falls below zero
Deal includes Zephyr Insurance Inc.
Hurricane is world’s costliest ever
Reinvestments free of commissions
Cited as one of eight outstanding Midwest banks
Exposure to Hurricane Katrina cited
Sagemo, Joseph appointed London-based analysts
Shelf-financing offer covers 25-month period
Unitholders to get units of underlying funds
Firm raises total storm damage estimate to US$125 billion
Deal offers clients maximum choice and flexibility
Analysts boost stock to ‘outperform’
Insurer’s net losses could hit US$220 million
Expectations mixed for next rate hike
Three U.S. financial giants already on side
Signs multi-year agreement as liquidity provider
Julius Baer to pay $5.4 billion
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