Funds managed by BlackRock, Inc. (NYSE:BLK) and Canaccord Genuity Group Inc. (TSX:CF) are in advanced talks to buy Bridging Finance Inc., the private lender that was seized by Canadian regulators amid an investigation of its top executives, according to people familiar with the matter. BlackRock funds and Canaccord have reached out to regulators to put in a bid for the firm, which had about CAD 2 billion ($1.6 billion) under management as of December, the people said, speaking on condition they not be identified because the matter is private.
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- BlackRock and Canaccord Reportedly in Advanced Talks to Buy Bridging