An RBC Capital markets valuation puts Canaccord between $12.75\u002D$15.75 a share, as much as 40% more than the offer of $11.25 a share. Read on
Play Video
But the RBC valuation pegs the company’s “sum of the parts” worth, including its valuable wealth management division, much higher. The wealth business, with nearly $35 billion in assets under administration, is given a valuation of $810 million to $941 million, or of $7.75 to $9 per share, according to regulatory documents filed Monday.
In its offering document, the management group says, for example, that the valuation applied to the wealth business assets “significantly differs from applicable historical transactions in Canada” and from published research on the company. As a result, the RBC valuation overstates the real value by between $377 million and $508 million.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Canaccord significantly undervalued in management group bid: special committeeAn RBC Capital markets valuation puts Canaccord between $12.75\u002D$15.75 a share, as much as 40% more than the offer of $11.25 a share. Read on
Lire la suite »
Canaccord significantly undervalued in management group bid: special committeeAn RBC Capital markets valuation puts Canaccord between $12.75\u002D$15.75 a share, as much as 40% more than the offer of $11.25 a share. Read on
Lire la suite »
Canaccord management officially launches $1.13-billion buyoutThe 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
Lire la suite »
Valuation report values Canaccord shares more than management buyout offer - BNN BloombergAn independent valuation of Canaccord Genuity Group prepared for a special committee of company's board puts the fair market value of the its shares higher than a management-led group's offer to take the company private.
Lire la suite »
Valuation puts Canaccord shares higher than management buyout offerThe management\u002Dled group of Canaccord Genuity Group Inc. employees called the independent valuation \u0027unrealistic and flawed.\u0027 Find out more.
Lire la suite »
Valuation puts Canaccord shares higher than management buyout offerThe management\u002Dled group of Canaccord Genuity Group Inc. employees called the independent valuation \u0027unrealistic and flawed.\u0027 Find out more.
Lire la suite »