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flag Investment firms Birch Hill and Brookfield agree to buy First National Financial for $2.9 billion.

flag Investment firms Birch Hill Equity Partners and Brookfield Asset Management have agreed to acquire First National Financial for $2.9 billion. flag The deal, valued at $48 per share, represents a significant premium and will see First National's founders, Stephen Smith and Moray Tawse, retain a 19% stake. flag The acquisition is expected to solidify First National's market position and is subject to regulatory approval, with a close expected by the end of 2025.

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