The Power Corp Of Canada Merger With Its Financial Subsidiary Offers Significant Value, Including A 15.6% Annual Total Yield
The Power Corp Of Canada Merger With Its Financial Subsidiary Offers Significant Value, Including A 15.6% Annual Total Yield 1On Dec. 13, 2019, Power Financial Corporation agreed to a merger with its parent company, Power Corporation of Canada. The deal should close in Q1 2020. The deal eliminates a useless holding structure. The merged company will reduce expenses and hike the dividend by 10%, giving it a 5.65% yield. The new Power Corporation of Canada will have a …
News story posted on 2020-01-07T12:32:00.0000000Z