Industrial Alliance Insurance And Financial Services Inc Completes Acquisition Of Jovian Capital Corporation


Tuesday, 1 Oct 2013 09:06am EDT 

Industrial Alliance Insurance and Financial Services Inc and Jovian Capital Corp announced the completion of the acquisition through a plan of arrangement of all the outstanding common shares (Jovian Shares) of Jovian at $10.23 per share, for the aggregate consideration of approximately $79 million in cash and the issuance of 295,253 common shares of Industrial Alliance. It is expected that the Jovian Shares will be delisted from the TSX later this week. In addition, Jovian intends to apply to the relevant securities regulatory authorities to cease to be a reporting issuer in each of the jurisdictions in Canada where it is currently reporting. 

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