Deals
Bank of Montreal Agrees to Acquire F&C for $1.2 Billion
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Bank of Montreal agreed to buy F&C Asset Management Plc, the manager of the oldest U.K. investment fund, for 708 million pounds ($1.2 billion) in the second-largest takeover in its 196-year history.
Canada’s fourth-largest lender by assets will pay 120 pence a share in cash, the firms said today in a joint statement. F&C shareholders will also receive their 2 pence dividend for 2013.