Home Capital Announces Receipt Of Final Regulatory Approvals And Expected Closing Date For Acquisition By Smith Financial Corporation
Acquiring Company
Smith Financial
Acquired Company
Home Capital
Description
Home Capital Group Inc. (“Home Capital”) (TSX: HCG) is pleased to announce that the required regulatory approvals under the Bank Act (Canada) and Trust and Loan Companies Act (Canada) have been granted by the Federal Minister of Finance in respect of the previously announced acquisition of Home Capital by a wholly owned subsidiary of Smith Financial Corporation (“SFC”) (such acquisition, the “Arrangement”) and that the Arrangement is expected to be completed on August 31, 2023, subject to the satisfaction of customary closing conditions.
Quick answer
Smith Financial is acquiring Home Capital, announced August 24, 2023.
- How much did Smith Financial pay for Home Capital?
- The deal value was not disclosed.
- What does Smith Financial do?
- Financial advisor who specializes in employee and executive benefits, life and disability insurance, retirement planning, cash management, investment planning, tax planning, college funding, charitable giving, rish..
Source: Fundz verified event record.
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Who to call at Smith Financial, and when
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Frequently asked
Who acquired Home Capital?
Home Capital was acquired by Smith Financial. The deal was reported on August 24, 2023. Smith Financial is privately held.
When did Smith Financial acquire Home Capital?
Smith Financial's acquisition of Home Capital was reported on August 24, 2023. Home Capital Group Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Home Capital do?
Home Capital is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. It is privately held, operating in Financial Services.
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