Deals
Canaccord Genuity Hires Advisers to Explore Sale
- Decision follows appointment of activist Rosenfeld to board
- Firm reported record quarterly revenue in second quarter
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Canaccord Genuity Group Inc., Canada’s largest non-bank brokerage, is exploring strategic options, including a sale of all or part of its business, according to people familiar with the matter.
The Toronto-based firm, working with advisers after appointing activist investor Eric Rosenfeld to its board this month, believes its shares are undervalued, said the people, who asked to not be identified because the matter isn’t public.