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BRIEF-Home Capital to buy CFF bank for purchase price of about $15 million

Published 2015-08-10, 05:49 p/m
© Reuters.  BRIEF-Home Capital to buy CFF bank for purchase price of about $15 million
HCG
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Aug 10 (Reuters) - Home Capital Group Inc HCG.TO :
* Home trust company to acquire cff bank
* Says it is expected the purchase price will be approximately $15 million
* Says purchase is a private all-cash transaction
* Says transaction is not expected to have a material impact on earnings
* Says will pay a total consideration based upon the book value of cff bank at
the time of closing, plus adjustments
* Says transaction is expected to close in fall 2015
* Says will acquire, through its principal subsidiary Home Trust all
outstanding common shares of cff bank

* Source text for Eikon ID:nCNWp0sMla

* Further company coverage HCG.TO

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