The deal includes the acquisition of IPG, Virtuco Technologies and IPG Insurance
Acquisition will cost National Bank $250 million
The acquisition is expected to be completed on July 10
Knight Capital suffered a US$440 million loss last summer due to a software glitch
US$210 million acquisition advances strategy for bank’s wealth management business
Unified firm will offer enhanced capabilities in Canadian and global markets
Bank adds US$25.9 billion in AUM, gains U.S. and global equities expertise
First Trust Canadian Quantitative Equity Portfolio to merge into First Trust Canadian Capital Strength Portfolio
Significant increases in both deal activity and total transaction value, with 13 mega-deals
Fewer transactions but more billion-dollar deals means mergers and acquisitions for 2012 surpassed the value of those in the previous year