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BRIEF-Scotiabank To Acquire Jarislowsky Fraser

Published 2018-02-12, 08:23 a/m
© Reuters. BRIEF-Scotiabank To Acquire Jarislowsky Fraser
BNS
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Feb 12 (Reuters) - Bank Of Nova Scotia BNS.TO :

* SCOTIABANK TO ACQUIRE JARISLOWSKY FRASER

* BANK OF NOVA SCOTIA - PURCHASE PRICE PAYABLE AT CLOSING OF APPROXIMATELY $950 MILLION WILL BE SATISFIED PRIMARILY BY ISSUANCE OF SCOTIABANK COMMON SHARES.

* BANK OF NOVA SCOTIA - FOLLOWING COMPLETION OF THESE REPURCHASES, SCOTIABANK EXPECTS TRANSACTION TO BE ACCRETIVE TO EARNINGS IN FY 2020

* BANK OF NOVA SCOTIA - WILL OFFSET DILUTIVE IMPACT OF ISSUANCE OF SHARES TO SATISFY PURCHASE PRICE BY REPURCHASING A SIMILAR AMOUNT OF COMMON SHARES

* BANK OF NOVA SCOTIA - SCOTIABANK EXPECTS TRANSACTION TO BE ACCRETIVE TO EARNINGS IN FY 2020.

* BANK OF NOVA SCOTIA - AN EARN-OUT OF UP TO $56 MILLION IN ADDITIONAL SCOTIABANK COMMON SHARES MAY BE PAID BASED ON GROWTH TARGETS

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