Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Feb. 26, 4:40 PM
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Slide #26. CI Financial Corp. — WisdomTree Asset Management Canada, Inc.
Acquirer:
CI Financial Corp. (TSE:CIX.CA)
Acquiree:
WisdomTree Asset Management Canada, Inc.
Details:
CI Financial Corp. ("CI") (TSX: CIX) announced today that it has completed the acquisition of all issued and outstanding shares of WisdomTree Investments, Inc.'s Canadian exchange-traded fund business, WisdomTree Asset Management Canada, Inc. ("WisdomTree Canada").
CI Financial is a wealth management firm and an independent investment fund company. The principal business of Co. is the management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other investment products for investors. Co. has two main business segments: Asset Management, which is engaged in the management of families of mutual, segregated, pooled, exchangetraded, and closed-end funds, structured products and discretionary accounts; and Asset Administration, which is engaged in the sale of mutual funds and other financial products, and ongoing service to clients and capital market activities.
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