Scotiabank moves to take Scotia Group Jamaica private
KINGSTON, Jamaica — Scotiabank Caribbean Holdings Limited is moving to take Scotia Group Jamaica Limited (SGJL) private, in a transaction that would see minority shareholders bought out at $61.50 per share in cash. SGJL announced Friday that it has entered into a definitive arrangement agreement with Scotiabank Caribbean Holdings Limited, its majority shareholder, which already owns 71.78 per cent of the company. Under the proposed transaction, all SGJL shares not...