Power completed the acquisition of Power Financial for $6bn.

Power, a Canadian diversified international management and holding company, completed the acquisition of Power Financial, a multinational diversified management company, for $6bn. PFC minority shareholders will be entitled to receive for each PFC common share 1.05 PCC subordinate voting shares and $0.01 in cash. PFC minority shareholders will own in aggregate approximately 37% of PCC’s voting shares after completion of the Reorganization and issuance of participating preferred shares under the pre-emptive right. The Reorganization will simplify the group’s corporate structure and serve as the foundation and catalyst for a broader set of strategic initiatives expected to deliver further value to shareholders.