Reuters: Mergers News: Intact Financial to buy Westaim's unit for C$530 mln

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Intact Financial to buy Westaim's unit for C$530 mln May 2nd 2012, 11:59 Wed May 2, 2012 7:59am EDT May 2 (Reuters) - Intact Financial Corp, Canada's largest property and casualty insurer, will buy Westaim Corp's Jevco Insurance Co for C$530 million to expand its offerings to brokers. IFC intends to finance the acquisition through a combination of about C$226 million bought deal and existing credit facility.

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