Desjardins extends offer for Western prefs

Desjardins Financial has extended the deadline on its offer for preferred shares of Western Financial Group to 5 pm on April 15.

The new deadline matches the date that Desjardins expects to receive approval from the Federal Minister of Finance for its takeover of Western.

All other terms of the offers remain the same and there has been no change or variation to Western’s board of directors’ recommendation in respect of the common share offer. The offer covers the series three and series four of Western’s first preferred shares.

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