May 23, 2019 / 4:22 PM / 6 months ago

BUZZ-FirstService Corp: Touches record high after deal to buy property restoration firm

** Shares of property services firm jump 8.2% to C$125, trading at a record high

** Co to buy 95% of property restoration firm Global Restoration Holdings LLC for $505 mln

** Says deal to be funded through combination of cash and debt and is expected to close mid year

** Including Thursday’s gains, stock has risen ~33% so far this year (Reporting by Debroop Roy in Bengaluru)

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