Canadian Press NewsAlert: Bank of Montreal confirms $1.3-billion offer for F&C Asset

A woman leaves a Bank of Montreal branch in downtown Vancouver, in a March 22, 2011 file photo. The Bank of Montreal (TSX:BMO) has confirmed it's offering to buy U.K.-based F&C Asset Management PLC in a cash deal valued at $1.3 billion, a move that will diversify and grow BMO's wealth management arm. THE CANADIAN PRESS/Darryl Dyck

January 28, 2014 - 4:10 AM

TORONTO - Bank of Montreal has confirmed it's offering to buy a U.K.-based investment manager in a deal valued at $1.3 billion. F&C Asset Management PLC revealed on Monday that it was in advanced discussions with the Canadian bank.

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