Desjardins Securities to tender to Liquor Stores offer



    MONTREAL, June 6 /CNW Telbec/ - Desjardins Securities Inc. announced
today that it intends to tender 606,600 units of Liquor Barn Income Fund
(TSX:LBN.UN) to the enhanced offer from Liquor Stores Income Fund
(TSX:LIQ.UN).
    "We believe that this is a situation where the combined entities will be
greater than the sum of the parts," said Ron Mayers who manages a proprietary
fund for Desjardins Securities. "Under the circumstances, we feel that the
best way for us to realize value, as Liquor Barn unit holders, is to tender
and receive units in Liquor Stores. We feel that the value of the units of the
combined entity will exceed the value of the units of Liquor Barn on a
stand-alone basis ", Mayers said.

    Desjardins Securities is the brokerage arm of Desjardins Group, the
largest cooperative financial group in Canada. It offers a full range of
securities brokerage products and services through its Investment Advisors,
and online brokerage services through its Disnat online division. The needs of
businesses and government agencies are covered by its Corporate Financing,
Fixed Income, and Equity Capital Markets departments, solidly backed by its
Research department. The company, which manages $17 billion in assets, has
46 full-service brokerage offices and employs more than 1,200 people,
including 305 investment advisors throughout Quebec and Ontario.




For further information:

For further information: Ronald L. Mayers, Desjardins Securities Inc.,
Vice-President, Equity Capital Markets, (514) 281-4496

Organization Profile

DESJARDINS SECURITIES

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890