1373113, a management-led group, failed to acquire Canaccord Genuity, a global, full-service investment banking and financial services company, for $838m. "We are pleased to be presenting this compelling proposal to the Shareholders, including our largest independent Shareholder, who is supportive of the Proposed Offer. The geographically diverse business has proven to provide excellent advantages for the Company's clients, but the Common Shares, which naturally reflect the inherent volatility of the global capital markets in which the Company operates have proven to be not well-suited for trading in a public marketplace," Daniel Daviau, Canaccord Genuity President and CEO.