Butler Financial, W.P.G. agree to merge
Cash and share deal expected to close in July
Becomes Canada's largest direct-response P&C insurer in personal lines
Comments due by May 25
Detailed proposal to be released soon
Wall Street brokerages post improved profits
Move will save up to $2 million a year
Cash deal worth $25.4 million
Will pay up to $106 million
Regulatory approvals remain