Desjardins Secures Regulatory Approvals for C$68.00 Per Share Acquisition of Guardian Capital

Guardian Capital Group has announced that it has successfully obtained all necessary regulatory approvals to finalize its acquisition by Desjardins Global Asset Management. The take-private transaction will be completed at a cash price of C$68.00 per share for all outstanding Common and Class A shares. This acquisition is being executed as a statutory plan of arrangement under the Business Corporations Act of Ontario. The receipt of these regulatory clearances marks a significant milestone in the previously announced merger process, removing the final major hurdles to completion. With all approvals now in place, the deal is expected to close shortly, providing price certainty to shareholders at the agreed premium. The transaction underscores the ongoing consolidation within the Canadian asset management sector and strengthens Desjardins' market position.

Sources:globenewswire.comdesjardins.commarketbeat.comguardian.ngad-hoc-news.deeresearch.com