Date closed: 11/1/2018
Value: C$792 million
On November 1, 2018, The Toronto-Dominion Bank (TSX and NYSE: TD) completed the acquisition of Greystone Capital Management Inc., parent company of Greystone Managed Investments Inc. (Greystone) for a net purchase price of $792 million, subject to certain adjustments. The net purchase price comprises $730 million of enterprise value, seed capital of approximately $105 million and certain other net adjustments.
With the addition of Greystone's diversified portfolio, TD Asset Management will become the largest money manager in Canada.