Edition:
United States

Central Fund of Canada Ltd (CEF)

CEF on American Stock Exchange

12.84USD
13 Dec 2017
Change (% chg)

$0.16 (+1.26%)
Prev Close
$12.68
Open
$12.63
Day's High
$12.88
Day's Low
$12.63
Volume
903,379
Avg. Vol
758,883
52-wk High
$13.58
52-wk Low
$11.22

Latest Key Developments (Source: Significant Developments)

Sprott enters agreement to acquire management of Central Fund of Canada
Monday, 2 Oct 2017 07:00am EDT 

Oct 2 (Reuters) - Sprott Inc : :Sprott enters agreement to acquire management of Central Fund of Canada.Sprott Inc - deal for ‍c$120 million in cash and stock​.Sprott Inc - ‍sprott's cash on hand will be used to finance cash portion of purchase price and approval of sprott shareholders is not required​.Sprott Inc - ‍holders of about 85% of cfcl's common shares entered agreements with co agreeing to vote all common shares in favour of transaction​.Sprott - co will acquire common shares of cfcl and right to administer, manage CFCL's assets for c$105 million in cash and c$15 million of Sprott common shares.  Full Article

BRIEF-‍Sprott Inc and Sprott Asset Management urged Central Fund of Canada shareholders to vote for plan of arrangement​

* ‍sprott Inc - co, Sprott Asset Management urged shareholders of Central Fund of Canada Limited to vote for plan of arrangement​ Source text for Eikon: Further company coverage:

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