* Q3 EPS C$1.34 versus C$1.19 expectations
* Unveils deals to distribute Mackenzie mutual funds
* B2B Trust to acquire MRS Cos from Mackenzie
* Deal with Mackenzie to be accretive as early as 2012
TORONTO, Sept 2 (Reuters) - Laurentian Bank LB.TO said on Friday net income rose 17 percent in the third quarter as loan losses fell, boosting earnings per share to C$1.34, above analysts’ expectations.
In addition, Laurentian Bank and Mackenzie Financial Corp, a subsidiary of IGM Financial Inc (IGM.TO), said they have reached a deal under which B2B Trust, a subsidiary of Laurentian Bank, would buy the MRS Companies in a share purchase transaction.
The transaction is expected to close in November 2011 and be accretive to earnings as early as next year. (Reporting by Andrea Hopkins; editing by Janet Guttsman)