Euroz Hartleys Group Confirms Ongoing Discussions on Potential Acquisition of Capital Markets Business

MT Newswires Live
Jun 05

Euroz Hartleys Group (ASX:EZL) confirmed that it is in talks with Toronto Stock Exchange-listed BMO Financial Group on a potential acquisition of the company's Capital Markets business for AU$145 million, according to a Friday filing with the Australian bourse.

BMO Financial Group's non-binding and conditional proposal is subject to conditions, including entry into an alliance agreement with the company's Private Wealth business to preserve the relationship between the Capital Markets and Private Wealth businesses, the filing said.

The transaction is subject to the completion of due diligence under a period of exclusivity, negotiation, and execution of definitive transaction documentation between BMO and the company. There is no certainty that the talks may lead to a transaction, per the filing.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10