The Western Investment Company of Canada Ltd (TSE:WI) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The Western Investment Company of Canada has completed its acquisition of Fortress Insurance Company, marking a strategic shift towards becoming an insurance-focused investment holding company. The transaction involved acquiring all remaining shares for $3 million, with the total acquisition valued at $13 million. This move is pending final approval from the TSX Venture Exchange.
For further insights into TSE:WI stock, check out TipRanks’ Stock Analysis page.