The Financial Post reports in its Thursday, Oct. 30, edition that foreign financial player French-headquartered Natixis Global Asset Management is entering the Canadian market through the acquisition of an established player. The Post's Barry Critchley writes that Natixis plans to acquire NexGen Financial ($7.06), which is listed on the TSX Venture Exchange. Natixis, which has a substantial operation in Boston, offered $7.25 a share for NexGen -- a healthy premium to its recent trading price. NexGen's shareholders will vote on the transaction, which is being done by way of a plan of arrangement, later this year. NexGen co-chief executive officer Abe Goenka says: "We met them some time ago and they were looking for an entry in Canada. It seemed like a great opportunity for us, but we engaged bankers to make sure our shareholders were treated fairly." Natixis, which manages more than $930-billion of client assets, said the purchase of NexGen, means it "will be better positioned to serve the market with our worldwide network of affiliated investment managers." Indeed, part of the rationale for the acquisition is that Natixis plans to expand on NexGen's existing mutual fund platform of 30 funds.