On July 3, 2019, Fiera Capital Corporation ("Fiera
Capital") (TSX: FSZ) and Integrated Asset Management Corp.
("IAM") (TSX: IAM) announced that Fiera Capital had
completed its previously announced acquisition of IAM pursuant to a
court-approved plan of arrangement under the Business Corporations
Act (Ontario).
Pursuant to the transaction, Fiera Capital acquired all of the
outstanding common shares of IAM for total consideration of
approximately $74 million, representing total IAM enterprise value
of $64 million and $10 million of adjusted cash.
As a result of the transaction, the IAM shares are expected to
be delisted from the TSX and IAM will apply to cease to be a
reporting issuer in every province of Canada in which it is a
reporting issuer.
