The firm appointed Terrence Lyons as director and member of the committee evaluating the bid
The shareholder is pushing for board changes by May 10 and nominated two directors
A special committee of independent directors is opposing the offer
The deal comes as Canaccord's management looks to take the firm private
Special committee of board members has reservations about the offer
Overall revenue was also down year over year, but North American wealth management revenue was up slightly
An organizational shift at TD Securities made headlines this week
The fall is already in swing, with a variety of moves and announcements
Canaccord and Wellington both snagged advisors, while Beutel Goodman named fixed income lead
The "abrupt deceleration" in world markets impacted the firm's financial performance, CEO said