Home Capital received Onex, Brookfield approaches: Reuters

Home Capital Group Inc has received takeover approaches led by Canadian private equity firms Onex Corp and Brookfield Asset Management but is moving ahead with plans to stay independent, Reuters reported, citing a Globe & Mail story. The Globe & Mail cited a source close to the process as saying the offers received to date were "speculative, conditional and not that attractive". It said the company was working on plans to restore its financial health, through steps including the sale of smaller lines of business.

DealsCanadaNorth AmericaBriefs