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November 1, 2011
0 CommentsNews Release - Hub International Signs Letter of Intent
Posted by: SCFG Admin | June 30, 2010
Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has signed a letter of intent to acquire Sinclair Cockburn Financial Group (SCFG), a Toronto, Ontario-based insurance and financial services firm. Under the terms of the proposed acquisition, Hub would acquire the Property & Casualty, Personal Insurance and Life Insurance operations of SCFG but not SCFG’s mortgage business. The parties are proceeding with due diligence and the preparation of definitive agreements. The acquisition would be subject to approval by Hub’s board of directors and customary closing conditions and would be expected toclose in the third quarter of 2010.
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