TORONTO - AGF Management of Toronto says it has reversed the foreign takeover trend in Canada with its $296 million deal to buy Global Strategy Holdings, another independent Canadian company, also based in Toronto.

AGF, the ninth-largest firm, was spurned earlier this year when Trimark Financial of Toronto agreed to be merged into AIM Funds Management, the Canadian unit of Amvescap of London. But AGF's acquisition of Global Strategy, expected to be completed by the end of October, will lift it to seventh place in the industry with an estimated $19.5 billion in assets and a 6.9 percent market share.

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