Northwire Canada EditionTuesday, October 20, 2026
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M&A / Property

Guardian Capital Group Limited Obtains Final Court Approval for Plan of Arrangement

GCG · Price

Executive Summary

  • Guardian Capital Group Limited obtained final court approval for its previously‑announced arrangement under which Desjardins Global Asset Management Inc. will acquire all outstanding common and Class A shares (except rollover shares) at C$68.00 per share in cash.
  • The arrangement was approved by shareholders at a special meeting on October 23, 2025 and is now pending regulatory approvals and other closing conditions, with anticipated completion in the first half of 2026.

Key Details

  • Court Order: Ontario Superior Court of Justice (Commercial List) issued final order approving the Arrangement.
  • Purchase Price: C$68.00 per share in cash for all issued and outstanding common and Class A shares, excluding rollover shares held by specified shareholders.
  • Purchaser: Desjardins Global Asset Management Inc., an affiliate of Desjardins Group.
  • Shareholder Approval: Special resolution passed overwhelmingly at the special meeting on October 23, 2025.
  • Closing Conditions: Subject to receipt/waiver of regulatory approvals (including Competition Act) and satisfaction of other conditions in the Arrangement Agreement dated August 28, 2025 (as amended).
  • Anticipated Closing: Expected in the first half of 2026, contingent on regulatory approvals and fulfillment of remaining conditions.
  • Rollover Agreements: Certain shareholders will retain shares through equity rollover agreements; these shares are excluded from the cash purchase.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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