Mergers and acquisitions: BMO to add Clearpool to its portfolio

BMO Financial Group's coffer will be expanding thanks to a recent acquisition agreement. In mergers and acquisitions news in Canada, BMO has agreed to acquire stateside-based Clearpool Group Inc. pending regulatory approvals. Clearpool is an electronic trading solutions company and is expected to give BMO a powerful injection in electronic trading.

This deal is expected to elevate BMO's delivery of trading technology globally. BMO's CEO of capital markets said the acquisition is expected to simplify how BMO currently does business. When the deal closes in the second quarter of this year, Clearpool will be a broker-dealer on its own. BMO said it would continue to maintain Clearpool's commitment of operating with transparency and high principles.

Electronic trading is quickly growing in global popularity. In fact, a 2018 report indicated that liquid developed markets have about a 90% global equity flow. Clearpool has about 60 employees and has amassed more than 100 clients since its inception in 2014. The terms of the acquisition were not disclosed.

mergers and acquisitions lawyer in Canada can help clients in a myriad of ways such as with securing appropriate financing for deals and by providing advice regarding the drafting of contracts and negotiations. There's much that could go wrong when two companies come together and a lawyer may be able to mitigate those issues that could cause problems. A lawyer can ensure that any agreements are legally binding and he or she is likely to have the best insight regarding negotiations and the documents that must accompany any binding deals.

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