Someone needs to be held accountable and jailed if this does not go through at a min. $11.25 per share...
(Reuters) - A group led by the management of Canaccord Genuity Group Inc said on Monday there could be "no assurance" that its proposed C$1.13 billion ($850 million) take-private deal for the financial services firm would be completed, citing delay in securing regulatory approvals.
Even if the deal proceeds, terms could change, the group said.
The move comes months after a special committee of independent directors spurned the C$11.25 per share bid for being too low.
The management group had announced the bid in January, looking to take the firm private after concerns that the public markets were undervaluing the company.
Several companies have signed go-private deals since last year, spooked by a tough economic environment where stocks have been battered due to rising interest rates.
(Reporting by Siddarth S in Bengaluru; Editing by Anil D'Silva)