Dundee Wealth Management Inc. has mailed to Cartier shareholders its offer, circular, and related documents in connection with its previously announced take-over bid for 100% of the Cartier Partners Financial Group Inc. common shares.

The mailing also includes the Cartier directors’ circular, which contains the recommendation of each of the special committee and the board of directors of Cartier that the Dundee Wealth offer is fair to the Cartier shareholders and that Cartier shareholders, other than Cartier Capital Limited Partnership, the 69% controlling shareholder of Cartier, accept the offer.

The offer is open for acceptance until 9:00 ET on December 30.

Dundee Wealth and Cartier had agreed that the price of $7.55 per Dundee Wealth common share would be used to determine the number of Dundee Wealth common shares issuable under the offer, subject to a possible adjustment limited to a floor price of $6 per share. Under the terms of such agreement, no adjustment to the $7.55 price will take place.