10:07 AM EST - IGM Financial Inc. : said Tuesday it will buy Saxon Financial Inc. in a friendly cash deal worth about $287 million that will boost IGM's assets under management, the companies said on Tuesday. Saxon shareholders will be offered $21.00 a share, which is a 65 percent premium to the company's Friday closing price of $12.70. IGM Financial Inc.
shares T.IGM are trading down 19 cents at $43.41.
