Business News • MarketWire • Matrix and Marquest Revise Terms of Binding Asset Sale Agreement |
Matrix and Marquest Revise Terms of Binding Asset Sale Agreement |
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Matrix and Marquest Revise Terms of Binding Asset Sale Agreement
TORONTO, ONTARIO--(Marketwired - June 4, 2013) - Matrix Asset Management Inc. (TSX:MTA) ("Matrix") announces that, further to its announcement on May 25, 2013, the terms of the sale of assets to Marquest Asset Management Inc. ("Marquest") have been revised. Marquest will purchase 100% of the portfolio management, custodian and related contracts of the Matrix Group of Investment Funds, and jointly with certain members of management (the "Purchasing Seamark Management Group") of SEAMARK Asset Management Inc. ("Seamark"), all of the operational assets (excluding working capital) of Seamark. Each of the members of the Purchasing Seamark Management Group is an officer and/or director of Seamark but is not on the board of directors of Matrix and does not serve as an officer of Matrix.
View More : http://www.marketwire.com/mw/release.do?id=1798271&sourceType=3
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