The move comes after the group announced in January that it planned a takeover attempt for $11.25 a share, despite a subsequent valuation placed a higher value on the independent investment bank
are officially trying to take the independent Canadian investment bank private for less than the company believes it is worth.
announced plans to collectively launchDespite a subsequent valuation of the financial services company prepared by Royal Bank of Canada finding Canaccord to be worth significantly more, the management group launched its all-cash takeover attempt on Monday, valuing the company at roughly $1.13-billion.
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