C.I. responds to Mackenzie circular
Offer 'fully and fairly' rewards Mackenzie shareholders
- By: IE Staff
- December 1, 2000 December 1, 2000
- 09:30
Offer 'fully and fairly' rewards Mackenzie shareholders
Special meeting of unitholders on Dec. 28, 2000
Rothschild to manage two funds
Calls bid inadequate
New funds advised by Fidelity Investments
Embraces new strategy
Mergers scheduled for December 1
Multiclass unit structure introduced
Fund company employs reverse take-over
Offer open until December 7
Coalition to present resolution at Citigroup annual meeting
Program offers greater flexibility, 18 new funds
Merged fund to be renamed Juniper Equity Growth
New series allows tax-free switching between funds
Fund not available for registered plans
BGI Canada relaunches iUnits Web site
Proceeds to cover acquisition of Global Strategy
Assets under management climb to $14 billion
Take-over circular records trading activity
Changes aim to improve overall fund performance
Firm intends to offer C.I. and Mackenzie funds separately
Assets under management grow to more than $34 billion
Firm reviews C.I. bid, and considers alternatives
Keeps $3.9 billion price tag, extends offer to 35 days
Fees down by 25 bps on Managed Yield funds