Scotia’s Canadian parent sweetened Ja buyout by J$1.3b before deal went public

Jamaica Gleaner 26 Aug Jamaica

Scotiabank Canada raised its offer to acquire the outstanding minority stake in Scotia Group Jamaica Ltd by J$1.50 per share – a sweetener worth roughly J$1.3 billion (CDN$10 million) across the minority shares – before the deal was ever announced to the public, the company’s scheme of arrangement booklet reveals. Scotiabank Canada and its Jamaica subsidiary discussed improving the offer price up

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