TORONTO - AMVESCAP's $1.8 billion deal to acquire Trimark Financial of Toronto, the biggest fund-company takeover in Canadian history, changes the industry's pecking order and accelerates the trend toward increasing foreign ownership.

The offer of cash and shares by AMVESCAP of London, which beat out other contenders including AGF Management and Mackenzie Financial, both of Toronto, has received the unanimous support of Trimark's board of directors. It is subject to shareholder and regulatory approval.

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