Home Capital Group Inc. says its deal to be acquired by Smith Financial Corp. has cleared a key regulatory hurdle. Find out more.
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The mortgage lender says the Commissioner of Competition has issued a “no-action letter” in respect to the deal that values the company at $1.7 billion.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way.
The agreement, which was approved by shareholders in February, remains subject to regulatory approvals under the Bank Act and the Trust and Loan Companies Act . Home Capital offers residential and non-residential mortgages and other financial services though its principal subsidiary, Home Trust Co.
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