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Canaccord willing to 'substantially' raise offer, but RF Capital isn't talking


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Canaccord Genuity Group Inc. is willing to “substantially” raise its takeover price for RF Capital Group Inc. but can’t get its rival to discuss a deal, Chief Executive Officer Dan Daviau said.
A merger would unite two of Canada’s largest independent firms in wealth management. Canaccord said last month it offered $2.30 a share for RF and was rejected by the board.
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Canaccord willing to substantially raise offer, but RF Capital isn t talking Back to video
“We’re prepared to increase our price substantially, but we don’t know what price they’re looking for because they won’t talk to us,” Daviau said in an interview. ....

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