First National Financial Clears Regulatory Hurdle for Acquisition

The latest update is out from First National Financial ( (TSE:FN) ).

First National Financial Corporation announced that it has received a ‘no-action letter’ from the Commissioner of Competition, clearing the way for its acquisition by private equity funds managed by Birch Hill Equity Partners and Brookfield Asset Management. The acquisition involves a plan of arrangement where all outstanding common shares, except those owned by the company’s founders, will be acquired for $48.00 per share in cash. The completion of this arrangement is expected in October 2025, and it will result in the redemption of the company’s senior unsecured notes, impacting shareholders and noteholders with specific financial adjustments.

The most recent analyst rating on (TSE:FN) stock is a Hold with a C$51.00 price target. To see the full list of analyst forecasts on First National Financial stock, see the TSE:FN Stock Forecast page.

Spark’s Take on TSE:FN Stock

According to Spark, TipRanks’ AI Analyst, TSE:FN is a Neutral.

First National Financial’s stock score is primarily influenced by its strong technical indicators and attractive valuation. However, financial performance concerns, particularly high leverage and cash flow challenges, weigh on the overall score. The absence of earnings call and corporate events data means these factors do not influence the score.

To see Spark’s full report on TSE:FN stock, click here.

More about First National Financial

First National Financial Corporation is a Canadian-based originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. With nearly $160 billion in mortgages under administration, it is one of Canada’s largest non-bank mortgage originators and underwriters.

Average Trading Volume: 100,184

Technical Sentiment Signal: Buy

Current Market Cap: C$2.88B

See more insights into FN stock on TipRanks’ Stock Analysis page.