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“I can confirm that the Competition Bureau is reviewing the potential acquisition of Home Capital Group by Smith Financial Corporation,” a spokesperson for the regulator said in an email to Reuters.
Home Capital, the mortgage lender rescued by Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) Inc five years ago, announced in November that it would be taken private by Smith Financial Corp in a C$1.7 billion ($1.27 billion) deal.
