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An update from First National Financial ( (TSE:FN) ) is now available.
First National Financial Corporation has received final court approval for its plan of arrangement, which will see a newly-formed acquisition vehicle controlled by private equity funds managed by Birch Hill Equity Partners and Brookfield Asset Management acquire all outstanding common shares, except those owned by the company’s founders, for $48.00 per share in cash. The completion of this arrangement is contingent upon clearance under the Competition Act (Canada) and other customary closing conditions, with the transaction expected to close in October 2025. This acquisition is significant for First National as it may impact its market positioning and operations, and it reflects a strategic move in the financial services industry.
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 company that operates as an originator, underwriter, and servicer of primarily prime residential and commercial mortgages. With nearly $160 billion in mortgages under administration, it stands as one of Canada’s largest non-bank mortgage originators and underwriters.
Average Trading Volume: 98,602
Technical Sentiment Signal: Buy
Current Market Cap: C$2.88B
For an in-depth examination of FN stock, go to TipRanks’ Overview page.