{"id":328028,"date":"2005-12-05T15:55:00","date_gmt":"2005-12-05T20:55:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/industrial-alliance-bid-for-clarington-remains-manageable-says-dbrs\/"},"modified":"2005-12-05T15:55:00","modified_gmt":"2005-12-05T20:55:00","slug":"industrial-alliance-bid-for-clarington-remains-manageable-says-dbrs","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/industrial-alliance-bid-for-clarington-remains-manageable-says-dbrs\/","title":{"rendered":"Industrial Alliance bid for Clarington remains manageable, says DBRS"},"content":{"rendered":"<p>Even at the higher offering price, Industrial Alliance Insurance and Financial Services Inc.\u2019s bid for Clarington Corp. should be manageable, says Dominion Bond Rating Service. <BR><BR>DBRS notes that Industrial Alliance announced on Friday, that it has increased its offer to acquire Clarington to $15 per share from $14.25 per share. Other than this change in price, the terms of the offer remain unchanged from those announced initially on November 7, it says. The offer remains open for acceptance until December 28. <BR><BR>\u201cThe increase in the offer, which represents about an additional 5%, is expected to have only a modest impact on leverage and solvency ratios, and DBRS expects Industrial Alliance\u2019s financial strength to remain favourable,\u201d it says in response to the news. \u201cWith total capital of $1.7 billion, this transaction remains manageable for the company.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Increased offer expected to have only a modest impact on leverage and solvency ratios<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2318],"tags":[],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/328028"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=328028"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/328028\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=328028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=328028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=328028"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=328028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}