All
 

 

Just in:  

You are here: Home»Agriculture & Allied»World»Canada's BMO acquires Britain's F&C

Canada's BMO acquires Britain's F&C

Canada's BMO Financial Group will acquire UK-based financial manager F&C for 1.3 billion Canadian dollars (860 million euros), the companies said in a statement Tuesday. The acquisition will double BMO's assets under management. Established in 1817 as Bank of Montreal, BMO Financial Group is Canada's first bank and has been operating continuously in the UK since 1870.

"Under the terms of the acquisition, F&C shareholders will be entitled to receive 120 pence in cash for each F&C share held. This represents a premium of approximately 28% to the closing price of F&C shares as at January 24, 2014 and values the issued share capital of F&C at approximately £708 million (C$1.3 billion)," the statement said. "F&C is a diversified UK-based investment manager with a strong brand and footprint in the UK and the rest of Europe and assets under management of approximately £82 billion (US $136 billion), as at December 31, 2013," added.

Copyright Agence France-Presse, 2014



 



 
Index Closing Chg%
Arrow DJIA 16,424.85 1.00
Arrow Nasdaq 4,086.23 1.29
Arrow S&P 1,862.31 1.05
Arrow FTSE 6,584.17 0.65
Arrow DAX 9,317.82 1.57
Arrow CAC-40 4,405.66 1.39
Arrow Nikkei 14,417.68 3.01
Arrow H.Seng 22,696.01 0.11
Arrow Sensex 22,277.23 0.92





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln