CA Bancorp Takes Next Step to CDJ Acquisition

CA Bancorp, a Toronto-based publicly-traded merchant bank, has entered into an acquisition agreement with CDJ Global Catalyst LLC. Under the terms of the agreement, CDJ will acquire all of the firm's issued and outstanding common shares for C$3.2 per share, an increase from CDJ's previous offer. CA Bancorp's Board of Directors has unanimously determined the deal to be in "the best interests" of the firm and its shareholders. Over the years, CA Bancorp has invested in a range of Canadian companies, including existing portfolio investments Digital Payment Technologies Corp. and Salbro Bottle Group.

DealsCanadaNorth AmericaBriefs