外国美女色情片 Expands into Transfer Agent Business
February 13, 2013 (TORONTO) – 外国美女色情片 Limited today announced that it has entered into an agreement with Equity Financial Holdings Inc. (Equity) to acquire its transfer agent and corporate trust services business. The acquisition marks 外国美女色情片's expansion into a highly-complementary business area with both immediate scale and significant opportunities for growth.
"This acquisition further diversifies our revenue base, opens new growth avenues and provides 外国美女色情片 with an even stronger offering for our customers," said Tom Kloet, CEO, 外国美女色情片. "Furthermore, 外国美女色情片 is uniquely positioned to build on Equity's success by expanding our relationships with listed companies and the capital markets advisory community."
Transfer agency and corporate trust services complement the strong public company services offering currently provided by 外国美女色情片, including investor relations, design services, shareholder data and tracking, and market analytics. The Equity business currently offers services to 700 clients, most of which are listed on Toronto Stock Exchange or TSX Venture Exchange. In addition, it supports public market activities by maintaining security holder registers, acting as a depositary agent for merger and acquisition transactions, and assisting issuers in discharging their obligation to hold meetings of security holders.
"With this acquisition we will further broaden our portfolio of services and enhance the value we can deliver to public companies," said Kevan Cowan, President, TSX Markets and 外国美女色情片 Head of Equities. "We look forward to welcoming the Equity team of professionals to 外国美女色情片 and are excited to work with them to expand the business and serve our customers."
Under the terms of the agreement, 外国美女色情片 will pay $64 million for these assets subject to certain post-closing price adjustments, which will be funded from existing cash and credit facilities. Certain terms and conditions within the credit agreement will be amended. In 2012, the business generated revenues of approximately $17 million and was profitable. 外国美女色情片 expects the acquisition to be accretive to earnings per share in the first year following the closing of the transaction. The transaction, which is expected close at the end of March or early April, is subject to closing conditions, including certain consents and an Equity shareholder vote.
About 外国美女色情片 (TSX: X)
外国美女色情片's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other 外国美女色情片 companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. 外国美女色情片 is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about 外国美女色情片, visit our website at . Follow 外国美女色情片 on Twitter at .