April 15 (Reuters) - Canaccord Genuity Group Inc CF.TO :
* CANACCORD GENUITY GROUP INC., THROUGH ITS WEALTH MANAGEMENT BUSINESS IN THE UK, ANNOUNCES THE ACQUISITION OF THE INVESTMENT MANAGEMENT BUSINESS OF ADAM & COMPANY
* CANACCORD GENUITY GROUP INC - DEAL FOR CASH CONSIDERATION OF £54.0 MILLION (C$94.9 MILLION) WILL BE PAID ON CLOSING
* CANACCORD GENUITY GROUP INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO COMPANY'S ADJUSTED EARNINGS
* CANACCORD GENUITY GROUP INC - CGWM UK INTENDS TO CONTINUE TO OPERATE BUSINESS UNDER NAME OF ADAM & COMPANY
* CANACCORD GENUITY GROUP INC - ADAM & COMPANY'S INVESTMENT TEAM WILL BECOME ACTIVE MEMBERS OF CGWM UK'S EXISTING INVESTMENT COMMITTEES
* CANACCORD GENUITY GROUP INC - GRAHAM STORRIE, MANAGING DIRECTOR OF ADAM & COMPANY, WILL CONTINUE WITH BUSINESS IN A LEADERSHIP ROLE
* CANACCORD GENUITY - IT IS CGWM UK'S INTENTION TO ESTABLISH NEW OFFICE LOCATION FOR ADAM & COMPANY INVESTMENT MANAGEMENT BUSINESS IN CENTRAL EDINBURGH
* CANACCORD GENUITY GROUP - TRANSACTION IS TO BE EFFECTED THROUGH BUSINESS TRANSFER AGREEMENT