Dundee Securities Corporation -- Company Announcement.TORONTO--(BUSINESS WIRE)--Nov. 13, 1998--Dundee Securities Corporation announced today that it has entered into an agreement to purchase Deacon deacon: see orders, holy. DEACON - Direct English Access and CONtrol. English-like query system. Sammet 1969, p.668. Capital Corporation. Deacon is an employee owned full service investment dealer operating in Toronto Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing and Montreal Montreal (mŏn'trēôl`), Fr. Montréal (môNrāäl`), city (1991 pop. 1,017,666), S Que., Canada, on Montreal island, surrounded by St. Lawrence River and Rivière des Prairies. . Upon completion of the purchase, Deacon will be merged with Dundee's existing securities operation. The combined firm will be a full service investment dealer with offices in Toronto, Montreal, Calgary Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial and Vancouver. Don Charter, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Dundee Securities, stated, "This is an important acquisition in the growth of Dundee Securities. The acquisition will give us a strong platform in the private investors market which is an important strategy for the future of Dundee Securities and strengthens the institutional business currently being conducted at Dundee Securities". The companies expect that a final closing of the transaction will occur before Dec. 31, 1998, once all required approvals and conditions of closing have been met. |
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