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Search resuls for: "Home Capital Group"


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OMAHA, Neb. — Warren Buffett said that Berkshire Hathaway is looking into an investment in Canada. "We do not feel uncomfortable in any shape or form putting our money into Canada," he told an arena full of investors Saturday. But Buffett noted the similarity in operations between the Canada and the U.S."There's a lot of countries we don't understand at all," Buffett said. "So, Canada, it's terrific when you've got a major economy, not the size of the U.S., but a major economy that you feel confident about operating there."
Persons: — Warren Buffett, Berkshire Hathaway, He's, Buffett, you've Organizations: Home Capital Group, Oracle Locations: OMAHA, Neb, Berkshire, Canada, Omaha, U.S
[1/2] The entry to the Home Capital Group's headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada May 1, 2017. REUTERS/Chris HelgrenTORONTO, April 4 (Reuters) - Canada's antitrust regulator said on Tuesday it is reviewing the potential acquisition of Canadian lender Home Capital Group Inc (HCG.TO) by privately held peer Smith Financial Corp."I can confirm that the Competition Bureau is reviewing the potential acquisition of Home Capital Group by Smith Financial Corporation," a spokesperson for the regulator said in an email to Reuters. Home Capital and Smith Financial were unavailable to immediately provide comment. Home Capital, rescued by Warren Buffett's Berkshire Hathaway Inc (BRKa.N) five years ago, announced in November it would be taken private by Smith Financial in a C$1.7 billion ($1.27 billion) deal. Smith Financial is controlled by Stephen Smith, the co-founder of Home Capital's larger rival First National Financial Corp (FN.TO) and a top shareholder of lender EQB Inc (EQB.TO).
Nov 21 (Reuters) - Canada's Home Capital Group Inc (HCG.TO) said on Monday the mortgage lending company would be taken private by Smith Financial Corp in a C$1.7 billion ($1.27 billion) deal. The Toronto-based lender had rebuffed a takeover offer of more than C$28.60 per share from an unnamed buyer, saying it undervalued the company. The deal with Smith Financial includes a "go-shop" period until Dec. 30, during which Home Capital will be allowed to seek other bids. The lender would be delisted after nearly four decades of being a public company when the deal closes, which is expected in the middle of next year. ($1 = 1.3425 Canadian dollars)Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
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