CF.TO - Canaccord Genuity Group Inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 9.40 |
| Open | 9.44 |
| Bid | 9.13 x N/A |
| Ask | 9.14 x N/A |
| Day's Range | 9.08 - 9.44 |
| 52 Week Range | 6.24 - 11.80 |
| Volume | |
| Avg. Volume | 338,719 |
| Market Cap | 907.354M |
| Beta (5Y Monthly) | 1.62 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.56 |
| Earnings Date | Jun 16, 2023 |
| Forward Dividend & Yield | 0.34 (3.62%) |
| Ex-Dividend Date | Feb 23, 2023 |
| 1y Target Est | 10.17 |
Fair Value
Related Research
- Reuters
Canaccord's board rejects management-led group's $840 million buyout offer
But regulatory scrutiny has torpedoed some high-profile deals, including Toronto-Dominion Bank's proposed $13.4 billion acquisition of First Horizon Corp. Before reaching its decision, Canaccord's board consulted with a special committee of independent directors, which in February had recommended valuing the company between C$1.3 billion and C$1.6 billion, the company said. Canaccord offers a slew of financial services including wealth management, investment banking and research.
- Reuters
Canaccord's board rejects management-led group's $840 mln buyout offer
Canaccord Genuity Group Inc's board has rejected the C$1.13 billion ($840 million) take-private offer from a group led by the company's management, the Canadian firm said on Monday. But regulatory scrutiny has torpedoed some high-profile deals, including Toronto-Dominion Bank's proposed $13.4 billion acquisition of First Horizon Corp. Before reaching its decision, Canaccord's board consulted with a special committee of independent directors, which in February had recommended valuing the company between C$1.3 billion and C$1.6 billion, the company said.
CNW GroupCANACCORD GENUITY GROUP INC. BOARD RECOMMENDS REJECTING MANAGEMENT GROUP OFFER
Canaccord Genuity Group Inc. (TSX: CF) (the "Company" or "Canaccord Genuity") announced today that it has filed and mailed a supplement (the "Supplement") to the directors' circular dated April 6, 2023 in response to the bid made by certain members of the Company's management team (the "Management Group") to acquire all of the common shares (the "Common Shares") of the Company not already owned by the Management Group (the "Offer").
CNW GroupCANACCORD GENUITY GROUP INC. ACCESS TO FOURTH QUARTER AND FISCAL 2023 YEAR-END RESULTS INFORMATION
Canaccord Genuity Group Inc. (TSX: CF) is scheduled to release its fourth quarter and fiscal 2023 year-end results and supplementary financial information after Canadian markets close on Friday, June 16, 2023. Interested investors, the media and other stakeholders may review the earnings release and supplementary financial information at www.cgf.com/investor-relations/investor-resources/financial-reports/
CNW GroupMANAGEMENT-LED GROUP PROVIDES UPDATE REGARDING OFFER TO ACQUIRE COMMON SHARES OF CANACCORD GENUITY GROUP
1373113 B.C. Ltd. (the "Offeror") and a management-led group consisting of officers and employees (collectively, the "CG Employee Group", and together with the Offeror, the "Offerors") of Canaccord Genuity Group Inc. ("Canaccord Genuity" or the "Company") (TSX: CF) and its subsidiaries that have offered to acquire all of the issued and outstanding common shares of the Company (other than certain common shares beneficially owned by the CG Employee Group) (the "Offer"), today provided an update in
CNW GroupCANACCORD GENUITY GROUP INC. ANNOUNCES COMPLETION OF ITS ACQUISITION OF MERCER'S CANADIAN PRIVATE WEALTH BUSINESS
Canaccord Genuity Group Inc. (TSX: CF) (the "Company"), through its Canadian Wealth Management business, is pleased to announce the completion of its previously announced acquisition of Mercer's Canadian Private Wealth Business.
- Reuters
CANADA STOCKS-TSX starts week on upbeat note as energy stock rise
Canada's main stock index extended gains on Monday, with energy stocks leading the surge in commodity-heavy bourse as oil prices inched nearly 3% higher. At 10:15 a.m. ET (1415 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 57.54 points, or 0.28%, at 20,599.57, after rising 1.5% on Friday. Canada's energy sector gained 0.7%, tracking a more than 2% rise in oil prices as fears of recession in the United States eased, while some traders said that crude's recent sell off was overdone with three straight weekly declines for the first time since November.
CNW GroupMANAGEMENT-LED BIDDING GROUP PROVIDES UPDATES REGARDING OFFER TO ACQUIRE COMMON SHARES OF CANACCORD GENUITY GROUP
1373113 B.C. Ltd. (the "Offeror") and a management-led group consisting of officers and employees (collectively, the "CG Employee Group", and together with the Offeror, the "Offerors") of Canaccord Genuity Group Inc. ("Canaccord Genuity" or the "Company") (TSX: CF) and its subsidiaries that have offered to acquire all of the issued and outstanding common shares of the Company (other than certain common shares beneficially owned by the CG Employee Group) (the "Offer"), today provided certain upda
CNW GroupCANACCORD GENUITY GROUP INC. PROVIDES UPDATES ON MANAGEMENT TAKE-OVER BID
Canaccord Genuity Group Inc. (TSX: CF) (the "Company") provides the following update with respect to the proposed Management Take-Over Bid launched on February 27, 2023 (the "Management Offer"):
CNW GroupCANACCORD GENUITY GROUP INC. RECEIVES EXEMPTIVE RELIEF FROM SECURITIES COMMISSIONS
Canaccord Genuity Group Inc. (TSX: CF) (the "Company" or "Canaccord Genuity") announced today that it has received the exemptive relief sought from the British Columbia Securities Commission and Ontario Securities Commission to extend the period within which the Company was required to prepare and send a directors' circular (the "Directors' Circular") responding to the take-over bid made by certain members of the Company's management team (the "Management Group") to acquire all of the common sha
CNW GroupCANACCORD GENUITY GROUP INC. ANNOUNCES FILING AND MAILING OF DIRECTORS' CIRCULAR
Canaccord Genuity Group Inc. (TSX: CF) (the "Company" or "Canaccord Genuity") announced today that it has filed and mailed a directors' circular (the "Directors' Circular") in response to the take-over bid contemplated by the take-over bid circular dated February 27, 2023 made by certain members of the Company's management team (the "Management Group") to acquire all of the common shares of the Company not already owned by the Management Group at a price of $11.25 per share (the "Offer"). At thi
CNW GroupSPECIAL COMMITTEE OF CANACCORD GENUITY GROUP INC. PROVIDES UPDATE
The Special Committee of the Board of Directors of Canaccord Genuity Group Inc. (TSX: CF) (the "Company" or "Canaccord") today provided an update following the announcement by the Company on March 13, 2023 of a newly constituted committee and the announcement earlier this week of the appointment of additional directors.
CNW GroupCANACCORD GENUITY GROUP INC. ANNOUNCES APPOINTMENT OF NEW DIRECTORS AND NEW SPECIAL COMMITTEE MEMBERS
Canaccord Genuity Group Inc. (TSX:CF) (the "Company") announced today that the board of directors of the Company (the "Board") has appointed Amy Freedman and Rod Phillips as independent directors to fill two of the vacancies created on the Board. Amy Freedman is a Partner at a Canadian boutique investment firm, and brings extensive experience in both capital markets and shareholder advisory matters, having previously spent a number of years advising boards and shareholders on strategic matters.
MarketWatchCanadian bank Canaccord appoints new board members to review management buyout proposal
Canaccord Genuity (CA:CF) on Monday named Terrence Lyons and Michael Auerbach as new members of its special committee that’s reviewing a Jan. 9 buyout proposal by management. Gillian Denham, Dipesh Shah, Charles Bralver and Sally Tennant and Francesca Shaw gave notice that they’d resign from the board.
CNW GroupCANACCORD GENUITY GROUP INC. ANNOUNCES RESIGNATION OF BOARD MEMBERS, APPOINTMENT OF NEW DIRECTOR AND NEW SPECIAL COMMITTEE MEMBERS
Canaccord Genuity Group Inc. (TSX: CF) (the "Company") announced today that Gillian Denham, Dipesh Shah, Charles Bralver and Sally Tennant (the "Former Special Committee Directors") and Francesca Shaw provided the Company notice of their resignation from the Board of Directors ("Board") of the Company.
- GlobeNewswire
Crescendo Partners, a Large Shareholder of Canaccord Genuity Issues Open Letter to Canaccord Special Committee Chair
NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- Crescendo Partners, a New York City based investment firm that beneficially owns a sizable position in the common stock of Canaccord Genuity Group, Inc.,(TSX: CF), today, issued an open letter to Canaccord’s Chair of the Special Committee, Jill Denham, regarding the proposal to take the company private. The full text of the letter follows: Crescendo Partners777 3rdAvenue37thFloorNew York, NY 10017(212)-319-7676 March 10th, 2023 Ms. Jill Denham Chair o
CNW GroupSPECIAL COMMITTEE OF CANACCORD GENUITY GROUP INC. RESPONDS TO SHAREHOLDER MEETING REQUISITION
The Special Committee of the Board of Directors of Canaccord Genuity Group Inc. (TSX: CF) (the "Company") acknowledges receipt by the Company of a requisition from SKKY Capital Corporation, a shareholder of the Company controlled by J. Gordon Flatt, requesting that the Company call a shareholder meeting for the purposes of removing the current members of the Special Committee from the Board and appointing two new directors.
Financial PostCanaccord significantly undervalued in management group bid: special committee
RBC Capital Markets values Canaccord as much as 40% more than management team's offer
- Reuters
Canaccord's special committee does not approve management-led C$1.13 billion buyout offer
The offer price marked a 31% premium to the stock's close on Jan. 6, with the initial proposal announced by the management group valuing the firm at nearly C$1.13 billion ($833.64 million). The special committee said it has been in negotiations with the management group but could not come to an agreement, prompting it to explore potential strategic alternatives to enhance shareholder value.
CNW GroupCANACCORD GENUITY GROUP INC. SPECIAL COMMITTEE DOES NOT SUPPORT MANAGEMENT BUYOUT OFFER
The Special Committee of the Board of Directors of Canaccord Genuity Group Inc. (TSX: CF) (the "Company") acknowledges the formal commencement this morning of the take-over bid from certain members of the Company's management team (the "Management Group") to acquire all the common shares of the Company not already owned by the Management Group (the "Offer") at a price of $11.25 per share (the "Offer Price").
CNW GroupMANAGEMENT-LED GROUP FORMALLY COMMENCES ALL-CASH OFFER FOR THE COMMON SHARES OF CANACCORD GENUITY GROUP INC.
1373113 B.C. Ltd. (the "Offeror") announced today that it has formally commenced the previously announced all-cash offer (the "Offer"), on behalf of itself and a management-led group consisting of officers and employees of Canaccord Genuity Group Inc. ("Canaccord Genuity" or the "Company") (TSX: CF) and its subsidiaries (collectively, the "CG Employee Group", and together with the Offeror, the "Offerors"), to acquire all of the issued and outstanding common shares of the Company (other than cert
- PR Newswire
CANACCORD GENUITY GROUP INC. REPORTS THIRD QUARTER FISCAL 2023 RESULTS
Canaccord Genuity Group Inc. (Canaccord Genuity Group, the Company) (TSX: CF) today announced its financial results for the third fiscal quarter and nine months ended December 31, 2022.
Financial PostCanaccord Genuity to buy Mercer's Canadian private wealth business
Deal will add about $1.5 billion to Canaccord's wealth management operations' total client assets
- Reuters
Canaccord Genuity to acquire Mercer's Canadian private wealth business
The deal, which is expected to close within the next three months, will add nearly $1.5 billion to the total client assets of Canaccord's Wealth Management unit. A group led by the management of Canaccord Genuity said on Jan. 9 it would launch a takeover bid for the Canadian financial services firm, valuing it at nearly C$1.13 billion after it lost 44% of its market capitalization last year.
CNW GroupCANACCORD GENUITY GROUP INC. ANNOUNCES AGREEMENT TO ACQUIRE MERCER'S CANADIAN PRIVATE WEALTH BUSINESS
Canaccord Genuity Group Inc. (TSX: CF) (the "Company") is pleased to announce that, through its Canadian wealth management business ("Canaccord Genuity Wealth Management"), it has entered into a definitive agreement with Mercer Global Investments Canada Limited ("Mercer") to acquire Mercer's Canadian Private Wealth business. The acquisition is expected to add approximately $1.5 billion to Canaccord Genuity Wealth Management's total client assets.