Wealth manager Collins Stewart acquired in £250m deal

Canaccord will acquire the entire issued and to be issued ordinary share capital of Collins Stewart Hawkpoint, offering 57.6p cash and 0.072607 Canaccord shares for every Collins Stewart share. Based on a closing price of C$8.50 for Canaccord on 14 December, the terms value each Collins Stewart share at 96p. Collins Stewart Hawkpoint is an independent financial advisory business employing about 850 people. Chief executive Mark Brown said: "We are among the strongest and most international mid-market firms in our respective markets and so it makes perfect strategic sense to combine ...