Altus Group Finalizes the Acquisition of UK-Based Edwin Hill

CCNMatthews Newswire | October 2, 2007 | Copyright

TORONTO, ONTARIO--(Marketwire - Oct. 2, 2007) - Altus Group Income Fund ("Altus Group") (TSX:AIF.UN) announced today that it has completed the acquisition of Edwin Hill, for total consideration of approximately $54 million. Altus Group financed this acquisition with cash and equity issued from treasury, with the cash being raised from cash on hand and bank financing.

The acquisition of Edwin Hill marks the first international acquisition by Altus Group, which has grown rapidly across Canada since going public in 2005. It establishes an important foothold for Altus in the UK, and lays the ...

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