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CI Financial ( (TSE:CIX) ) just unveiled an update.
CI Financial Corp. announced that its shareholders have overwhelmingly approved the plan of arrangement for Mubadala Capital to acquire all of CI’s common shares. This approval marks a significant step in the transaction, which is pending final court approval and regulatory clearances, and is expected to finalize in the second quarter of 2025. The arrangement reflects strategic repositioning within the asset and wealth management industry, potentially impacting CI’s market operations and stakeholder interests.
More about CI Financial
CI Financial Corp. is a diversified global asset and wealth management company primarily operating in Canada, the United States, and Australia. Founded in 1965, the company specializes in portfolio management, wealth planning, and a comprehensive product suite, managing approximately $532.7 billion in client assets as of November 30, 2024.
YTD Price Performance: 1.70%
Average Trading Volume: 29,578
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.15B
Learn more about CIX stock on TipRanks’ Stock Analysis page.
