BlackRock and Canaccord Are in Advanced Talks to Buy Bridging

blackrock and canaccord are in advanced talks to buy bridging

Sumary of BlackRock and Canaccord Are in Advanced Talks to Buy Bridging:

  • Bridging tried to raise C$100 million in debt to refinance a C$70 million existing facility from BlackRock, David Sharpe, then Bridging’s chief executive officer, said at the time.
  • Maximize Value PricewaterhouseCoopers took control of Bridging this spring at the request of the Ontario Securities Commission, which says it has evidence of mismanagement and conflicts of interest — including that Sharpe received undisclosed payments into his personal checking account from a company related to a Bridging client.
  • Toronto-based Bridging lends to small and mid-sized companies involved in everything from milling flour to delivering groceries.

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