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Exclusive-Canada’s antitrust regulator says reviewing Smith Financial’ s bid for Home Capital
2023.04.04 14:01
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© Reuters. FILE PHOTO: The entry to the Home Capital Group’s headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada May 1, 2017. REUTERS/Chris Helgren
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© Reuters. FILE PHOTO: The entry to the Home Capital Group’s headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada May 1, 2017. REUTERS/Chris Helgren
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TORONTO (Reuters) – Canada’s antitrust regulator said on Tuesday it is reviewing the potential acquisition of Canadian lender Home Capital Group Inc by privately-held peer Smith Financial Corp.
“I can confirm that the Competition Bureau is reviewing the potential acquisition of Home Capital Group by Smith Financial Corporation,” a spokesperson for the regulator said in an email to Reuters.
Home Capital, the mortgage lender rescued by Warren Buffett’s Berkshire Hathaway (NYSE:) Inc five years ago, announced in November that it would be taken private by Smith Financial Corp in a C$1.7 billion ($1.27 billion) deal.
