Canadian asset manager Gluskin Sheff + Associates Inc is entertaining takeover offers, according to a report in the Globe and Mail newspaper that cited unnamed sources. The newspaper, citing people familiar with the matter, said the company has hired investment bankers to explore the possibility of a sale and interested buyers have submitted bids.Gluskin Sheff declined to immediately comment on the report.As of Friday's market close, the Toronto-based company had a market value of C$549 million ($541.7 million), the report said.The report of the potential sale comes as stock markets in the United States reach record highs, although Toronto's S&P/TSX Composite Index has lagged the gains.
Gluskin Sheff + Associates Inc. (Gluskin Sheff) is a wealth management company. Shares of GS remained unchanged at $18.95. In the past year, the shares have traded as low as $13.17 and as high as $18.96. On average, 45698 shares of GS.TO exchange hands on a given day and today's volume is recorded at 0.
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