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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000791963-03-000001.txt : 20030106
<SEC-HEADER>0000791963-03-000001.hdr.sgml : 20030106
<ACCEPTANCE-DATETIME>20030106150825
ACCESSION NUMBER:		0000791963-03-000001
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030102
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20030106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAHNESTOCK VINER HOLDINGS INC
		CENTRAL INDEX KEY:			0000791963
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				980080034
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12043
		FILM NUMBER:		03504875

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1110, P.O. BOX 2015
		STREET 2:		20 EGLINTON AVE. WEST
		CITY:			TORONTO ONTARIO CANADA
		STATE:			A0
		ZIP:			M4R 1K8
		BUSINESS PHONE:		(416)322-1515

	MAIL ADDRESS:	
		STREET 1:		PO BOX 2015 SUITE 1110
		STREET 2:		20 EGLINTON AVENUE WEST
		CITY:			TORONTO ONTARIO CANADA
		STATE:			A6
		ZIP:			M4R 1K8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GOLDALE INVESTMENTS LTD
		DATE OF NAME CHANGE:	19861030

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VINER E A HOLDINGS LTD
		DATE OF NAME CHANGE:	19880622
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k1603.htm
<TEXT>
<!DOCTYPE HTML PUBLIC "-//IETF//DTD HTML//EN">
<html>

<body bgcolor="#FFFFFF">

<p align="center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p align="center">WASHINGTON, D.C. 20549</p>

<p align="center">_______________________</p>

<p align="center">&nbsp;</p>

<p align="center">FORM 8-K</p>

<p align="center">CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE</p>

<p align="center">SECURITIES EXCHANGE ACT OF 1934</p>

<p align="center">&nbsp;</p>

<p align="center">_______________________</p>

<p align="center">Date of report (Date of earliest event
reported): <br>
JANUARY 2, 2003</p>

<p align="center">&nbsp;</p>

<p align="center">&nbsp;</p>

<p align="center"><b>FAHNESTOCK VINER HOLDINGS INC.</b></p>

<p align="center"><font size="2">(EXACT NAME OF REGISTRANT AS
SPECIFIED IN ITS CHARTER)</font></p>

<p><font size="1"></font>&nbsp;</p>

<table border="0" cellpadding="9" cellspacing="0" width="547">
    <tr>
        <td valign="top" width="46%"><p align="center"><b>Ontario,
        Canada</b></p>
        <p align="center"><font size="1">(STATE OR OTHER
        JURISDICTION </font></p>
        <p align="center"><font size="1">OF INCORPORATION OR
        ORGANIZATION) </font></p>
        </td>
        <td valign="top" width="26%"><p align="center"><font
        size="1"><b>1-12043 </b></font></p>
        <p align="center"><font size="1">(COMMISSION FILE NO.)</font></p>
        </td>
        <td valign="top" width="28%"><p align="center"><font
        size="1"><b>98-0080034 </b></font></p>
        <p align="center"><font size="1">(I.R.S. EMPLOYER
        IDENTIFICATION NUMBER)</font></p>
        </td>
    </tr>
    <tr>
        <td valign="top" width="46%">&nbsp;</td>
        <td valign="top" width="26%">&nbsp;</td>
        <td valign="top" width="28%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="46%"><p align="center"><font
        size="1"><b>P.O. Box 2015, Suite 1110<br>
        20 Eglinton Avenue West<br>
        Toronto, Ontario, Canada</b></font><b> </b></p>
        <p align="center"><font size="1">(ADDRESS OF PRINCIPAL
        EXECUTIVE OFFICE) </font></p>
        </td>
        <td valign="top" width="26%">&nbsp;</td>
        <td valign="bottom" width="28%"><p align="center"><font
        size="1"><b>M4R 1K8 </b></font></p>
        <p align="center"><font size="1">(ZIP CODE)</font></p>
        </td>
    </tr>
</table>

<p><font size="1"></font>&nbsp;</p>

<p><font size="1"></font>&nbsp;</p>

<p align="center"><font size="1"><b>(416) 322-1515</b></font></p>

<p align="center"><font size="1">(REGISTRANT'S TELEPHONE NUMBER,
INCLUDING AREA CODE)</font></p>

<p><font size="1"></font>&nbsp;</p>

<p align="center"><font size="1"><b>NONE</b></font></p>

<p align="center"><font size="1">(FORMER NAME, FORMER ADDRESS AND
FORMER FISCAL YEAR, IF APPLICABLE)</font></p>

<p align="center"><font size="1"></font>&nbsp;</p>

<p align="center"><font size="1">==========================================================================================</font></p>

<p><font size="1"></font>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
    <blockquote>
        <blockquote>
            <blockquote>
                <blockquote>
                    <blockquote>
                        <p><font size="2"><b>ITEM 5. OTHER
                        EVENTS.</b></font></p>
                    </blockquote>
                </blockquote>
            </blockquote>
        </blockquote>
    </blockquote>
</blockquote>

<p>Fahnestock Viner Holdings Inc., an Ontario corporation (the
&quot;Company&quot;), has completed the acquisition of the U.S.
Oppenheimer Private Client Division of CIBC World Markets Corp.
and has agreed to complete the acquisition of the U.S.
Oppenheimer Asset Management Division at a later date. On January
6, 2003, the Company and CIBC issued a press release announcing
details of the acquisitions. Such press release is attached as
Exhibit 99 to this Current Report on Form 8-K and is incorporated
herein by reference.</p>

<p><font size="2"><b>ITEM 7. EXHIBITS.</b></font></p>

<p><font size="1"></font>&nbsp;</p>

<p>(c) Exhibits.</p>

<p>&nbsp;</p>

<table border="0" cellpadding="7" cellspacing="0" width="590">
    <tr>
        <td valign="top" width="32%"><u>Exhibit No.</u></td>
        <td valign="top" width="68%"><u>Description</u></td>
    </tr>
    <tr>
        <td valign="top" width="32%">99</td>
        <td valign="top" width="68%">Press Release dated January
        6, 2003</td>
    </tr>
</table>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p align="center">&nbsp;</p>

<p align="center"><b>SIGNATURE</b></p>

<p>&nbsp;</p>

<p>Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.</p>

<p>&nbsp;</p>

<blockquote>
    <blockquote>
        <blockquote>
            <blockquote>
                <p>FAHNESTOCK VINER HOLDINGS INC.</p>
                <blockquote>
                    <blockquote>
                        <blockquote>
                            <blockquote>
                                <blockquote>
                                    <blockquote>
                                        <blockquote>
                                        <blockquote>
                                        <blockquote>
                                        <blockquote>
                                        <p>&nbsp;</p>
                                        </blockquote>
                                        </blockquote>
                                        </blockquote>
                                        </blockquote>
                                    </blockquote>
                                </blockquote>
                            </blockquote>
                        </blockquote>
                    </blockquote>
                </blockquote>
            </blockquote>
        </blockquote>
        <blockquote>
            <blockquote>
                <p>By: <u>&quot;E.K. Roberts</u></p>
            </blockquote>
        </blockquote>
    </blockquote>
    <blockquote>
        <blockquote>
            <blockquote>
                <p>Name: E.K. Roberts<br>
                Title: President</p>
            </blockquote>
        </blockquote>
    </blockquote>
</blockquote>

<p>January 6, 2003</p>

<p>&nbsp;</p>

<p align="center">FAHNESTOCK VINER HOLDINGS INC.<br>
CURRENT REPORT ON FORM 8-K<br>
REPORT DATED January 6, 2003</p>

<p align="center">EXHIBIT INDEX</p>

<table border="0" cellpadding="7" cellspacing="0" width="590">
    <tr>
        <td valign="top" width="32%"><u>Exhibit No.</u></td>
        <td valign="top" width="68%"><u>Description</u></td>
    </tr>
    <tr>
        <td valign="top" width="32%">99</td>
        <td valign="top" width="68%">Press Release dated January
        6, 2003</td>
    </tr>
</table>

<p>&nbsp;</p>
</body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex991603.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//IETF//DTD HTML//EN">
<html>

<body bgcolor="#FFFFFF">

<p align="right">EXHIBIT 99</p>

<p><b>FAHNESTOCK VINER HOLDINGS INC. ACQUIRES CIBC&#146;S U.S.
PRIVATE CLIENT AND U.S. ASSET MANAGEMENT BUSINESSES</b></p>

<p>New York and Toronto, January 6, 2003 &#150; <b>Fahnestock
Viner Holdings Inc. (FVH on NYSE; FHV.A on TSX) and CIBC (BCM on
NYSE; CM on TSX) </b>today announced that the previously
announced acquisition by Fahnestock of the U.S. Oppenheimer
Private Client Division of CIBC World Markets Corp. was completed
on January 3, 2003 and that they have agreed, at a later date, to
complete the acquisition of the U.S. Oppenheimer Asset Management
Division, for an aggregate consideration of approximately U.S.
$241 million (C $380 million). </p>

<p>As part of the agreement, CIBC may acquire, upon exchange of
the exchangeable debentures issued as part of the purchase price,
up to 35% of the issued shares (on a fully diluted basis) of
Fahnestock.</p>

<p>The Oppenheimer Private Client Division operates a high net
worth retail business, which consists of 620 financial
consultants in 18 branches in major financial centers across the
United States. Additionally, Oppenheimer operates a highly
regarded asset management business in a variety of products,
including growth funds, value funds, sector funds and specialty
funds. </p>

<p>The business of the Private Client Division will operate
effective today as the Oppenheimer &amp; Co. Division of
Fahnestock. The Asset Management Division will be rolled into the
Fahnestock organization in accordance with regulatory
requirements. It is expected that all of the segments of the
Asset Management Division will be operating as part of the
Oppenheimer &amp; Co. Division of Fahnestock by April 30, 2003.
The client accounts of both the retail business and the asset
management business will continue to be cleared through CIBC
World Markets until the spring of 2003. In addition, the account
executives of the combined firm will have access to CIBC World
Markets research.</p>

<p>Fahnestock&#146;s principal subsidiary, Fahnestock &amp; Co.
Inc., is a full-service, self-clearing broker-dealer
headquartered in New York City and has been in operation since
1881. Fahnestock now employs over 1,700 financial consultants in
over 100 branch offices throughout the United States as well as
in South America and Canada. Fahnestock &amp; Co. Inc. is a
member firm of the New York Stock Exchange and all principal U.S.
exchanges.</p>

<p>&quot;We welcome Oppenheimer to the Fahnestock family,&quot;
said Fahnestock Chairman, Albert G. Lowenthal. &quot;The
tradition of both organizations has been honesty, integrity and
an understanding of the value and importance of strong
relationships with clients, account executives and employees. We
are confident that we can build on these personal relationships
to make the combined organization the best it can be.&quot;</p>

<p>&quot;We are pleased to have the potential opportunity to
participate in the future growth of these combined
companies,&quot; said CIBC Vice Chair Gerry McCaughey. </p>

<p>CIBC, headquartered in Toronto, is a leading North American
financial institution with more than eight million personal
banking and business customers. CIBC offers a full range of
products and services through its comprehensive electronic
banking network, branches and offices across Canada, the United
States and around the world. Additional news releases and
information about CIBC is available in its Media Center on the
Internet at www.cibc.com.</p>

<p>Fahnestock Viner Holdings Inc. is a diversified financial
services firm that provides investment and financial services to
individuals as well as institutions. These services include
securities brokerage, investment banking and advisory services.
Additional information on Fahnestock is available on the Internet
at www.fahnestock.com.</p>

<p>&nbsp;</p>

<p><font size="2">This news release contains forward-looking
statements which are made pursuant to the &#145;safe harbor&#146;
provisions of the United States <i>Private Securities Litigation
Reform Act of 1995</i>. These forward-looking statements include,
but are not limited to, statements about the plans of Canadian
Imperial Bank of Commerce (&quot;CIBC&quot;) and Fahnestock Viner
Holdings Inc<b>.</b> relating to CIBC Oppenheimer and the
operations of CIBC Oppenheimer. A forward-looking statement is
subject to inherent risks and uncertainties that may be general
or specific. A variety of factors, many of which are beyond the
control of CIBC, Fahnestock Viner Holdings Inc. and CIBC
Oppenheimer, including the receipt of regulatory approval for the
transaction described in this release, could cause actual results
to differ materially from the expectations expressed in any of
CIBC's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue
reliance on forward-looking statements by CIBC, CIBC Oppenheimer<b>
</b>and Fahnestock Viner Holdings Inc.<b> </b>These parties do
not undertake to update any forward-looking statement that is
contained in this news release. </font></p>

<p align="center">&nbsp;</p>

<p>CONTACT INFORMATION:</p>

<p>Fahnestock Viner Holdings Inc. <br>
A.G. Lowenthal (212) 668-5782<br>
E.K. Roberts (416) 322-1515 </p>

<p>CIBC <br>
Rob McLeod (416) 980-3714</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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</DOCUMENT>
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