trending Market Intelligence /marketintelligence/en/news-insights/trending/LRgFU8QP9XxIsKUhQpjO9Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Intact Financial offering C$401M in subscription receipts

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Intact Financial offering C$401M in subscription receipts

Intact Financial Corp. is selling 3.3 million subscription receipts for gross proceeds of about C$401 million.

The receipts, priced at C$120.45 each, represent the right to receive 1 Intact Financial common share upon the closing of the deal to acquire Guarantee Co. of North America and Frank Cowan Co. Ltd. from Princeton Holdings Ltd. for about C$1 billion in cash. The company launched the offering to fund a portion of the deal's purchase price.

The offering is anticipated to close Aug. 26. The underwriters, led by TD Securities Inc. and CIBC Capital Markets, were granted an option to buy an additional 500,000 subscription receipts. The option may be exercised at the offering price for a period ending 30 days after the completion of the offering, for additional gross proceeds of up to about C$60 million.