Northern Financial Corp., the parent company of full service brokerage firm Northern Securities, has terminated its agreement to acquire Atlantic Asset Management Inc., a Toronto-based investment management firm.
Northern announced on April 2, 2002 that it had entered into an agreement to acquire Atlantic. Such agreement was conditional upon satisfactory completion of due diligence. Upon completion of due diligence, Northern has decided not to proceed with the transaction, and has terminated the agreement.
Northern terminates Atlantic acquisition agreement
Decides not to proceed following completion of due diligence
- By: IE Staff
- January 15, 2003 January 15, 2003
- 10:10