Global asset manager BlackRock Inc. has agreed to repurchase Bank of America Corporation’s remaining ownership interest in BlackRock, in a deal worth about $2.5 billion or $187.65 per share. The shares will be retired following the close of the transaction, which will be immediately accretive to earnings per share. In connection with the transaction, Bank […]
Crestpoint Real Estate Investments Ltd. has acquired of two Quebec-based shopping centres in a transaction valued at approximately $16.5 million. Located in St. Eustache, Que., a city in the greater Montreal area, Carrefour Grande-Côte and Centre 25E are both well-located shopping centres that together comprise over 98,000 sq. ft. of retail leasing space. St. Eustache is […]
Merger and acquisition (M&A) activity is a cyclical business, and, after the meltdown and liquidity issues of 2008, it has been in a trough, to say the least. While we saw some transactions last year, 2011 should see an even higher level of activity—an increase that holds potential for institutional investors. The conditions for an […]
Perhaps you’re a member of a mergers and acquisitions (M&A) team and your company is considering an acquisition. What if you’re not a pension expert? What if, during due diligence, you discover that the company you are considering acquiring has one or more DB pension plans or other long-term obligations such as retiree health benefits? […]
Sun Life Assurance Company of Canada has announced it will take full ownership of Buffett & Company Worksite Wellness Inc. The two organizations have been in partnership since late 2008 and this move to become one is by no means in reaction to the the recent passing of Ed Buffet, founder and CEO of Buffet & […]