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Toronto-Dominion Bank completes C$792M acquisition of Greystone Capital Management Inc.

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.

BLG represented Greystone with a team led by Prema K.R. Thiele that included Rebecca A. CowderyJulie MansiCarol DerkMatthew Williams and Michael Taylor.