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Templeton Will Buy Canadian Firm

Templeton Management Ltd., a wholly-owned subsidiary of Franklin Resources of San Mateo, Calif., has agreed to acquire Bissett & Associates Investment Management Ltd. of Calgary for $95 million. Founded by David Bissett in 1982, Bissett provides investment advisory services throughout Canada to a broad base of clients, including pension plans and foundations and high-net-worth and other individual investors through Bissett's 12 mutual funds. The acquisition is expected to close in October.