BCE says it has received “several proposals” regarding a potential takeover. “The company is currently reviewing these proposals and will provide further details at the appropriate time,” says a statement issued by the firm. Media reports say the bids by a group led by the Ontario Teachers’ Pension Plan and another consortium led by Canada […]
A week after announcing it would begin discussions with BCE about a possible combination, Telus has decided it won’t make a bid for its rival. “The inadequacies of BCE’s bid process did not make it possible for Telus to submit an offer,” says a press release issued by the company. The Caisse de dépôt et […]
Some of Canada’s largest pension funds have another competitor in their quest to take BCE private now that Telus has entered into discussions to acquire its rival. “Telus believes the combination of the two businesses would represent a compelling strategic and financial opportunity for all BCE and Telus stakeholders,” says Darren Entwistle, president and CEO […]
The Canada Pension Plan Investment Board(CPPIB)has made approaches to certain Auckland International Airport Limited(AIAL)shareholders about purchasing their shares in advance of a possible intention to launch a takeover, says an AIAL news release. “The directors of AIAL understand that those approaches have been rejected by the shareholders concerned,” the release says. “The AIAL directors also […]
Only one in three Canadians expecting to retire in 2030 are saving enough for a comfortable retirement, says a study sponsored by the Canadian Institute of Actuaries. The study—Planning For Retirement: Are Canadians Saving Enough?—developed a total of 72 household profiles to assess whether those born in the early to mid-1960s are putting enough savings […]
BetaPro Management launched two new exchange traded funds—the Horizons BetaPro S&P/TSX Capped Financials Bull Plus ETF and the Horizons BetaPro Capped Financials Bear Plus ETF—yesterday. They are the first exchange traded funds in the country to offer inverse and magnified exposure to the S&P/TSX Capped Financials Index. The Horizons BetaPro S&P/TSX Capped Financials Bull Plus […]
It’s possible that large private equity deals are impacting the investment choices available to the average Canadian institutional investor. By the time this article is published, there will undoubtedly have been at least one new takeover bid for a prominent Canadian publicly listed company. The flood of recent merger and acquisition activity is not solely […]
Does responsible investing mean sacrificing optimal returns? Or are these concepts, in fact, vitally linked? That question formed the basis of an RBC Dexia information session Thursday in Toronto, featuring a who’s who of responsible investing experts debating the implications of responsible investing on the Canadian investment landscape. One topic that seemed to generate consensus […]
Cerberus Capital Management has officially entered the race to take BCE private. A consortium which includes the private equity firm and a group of unnamed Canadian investors has signed non-disclosure and standstill agreements with the telecom company on a non-exclusive basis, says a statement from BCE. It’s the second official bid for BCE, which entered […]
It’s spring and a young man’s fancy turns to joining a private equity consortium to take over one of Canada’s most blue chip public market institutions. It seems that just about every pension fund in the country is salivating at the thought of the potential returns(and fees)associated with the possible privatization of BCE. The potential […]