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Drowning in debt is the new normal in Canada + MORE Apr 24th
The Canadian Press/Ryan Remiorz
On any given day now you can expect to hear at least one economist, public official or financial commentator express grave concern about the mountain of debt Canadians now carry. The bloated debt loads of Canadian households has become a pervasive topic in media. B.... More »
Seven reasons SmartREIT makes for a wise investment + MORE Aug 3rd
Its attractive yield combined with potential modest unit price appreciation is ideal in this sluggish Canadian economy
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The best RBC credit cards in Canada for 2024 + MORE Jul 2nd
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The best RBC credit cards in Canada for 2024
Discover the best RBC credit cards, whether you’re looking for cash back, travel points or low interest.
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The best GIC rates in Canada for 2024 + MORE Jun 26th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Microsoft Teams passes 20 million daily users, up more than half in 4 months - VentureBeat Nov 20th
Microsoft Teams passes 20 million daily users, up more than half in 4 months VentureBeatMicrosoft Teams surpasses 20 million daily active users, up 50% from July Financial PostSlack stock drops as Microsoft claims big lead with 20 million Teams users CNBCSlack plunge.... More »
Friendly takeover offer for Patheon values contract drug maker at US$1.4 billion
– canadianbusiness.com
TORONTO – Patheon Inc. (TSX:PTI) has received a friendly going-private proposal that values the TSX-listed company at about US$1.4 billion, more than 50 per cent above its recent market price.
The offer of US$9.32 per share cash for minority shareholders is coming from a group backed by Patheon’s largest shareholder, U.S. private equity firm JLL Partners.
JLL and European life sciences company Royal DSM plan to combine Patheon into a new global contract drug manufacturer with 23 locations around the world and 8,300 employees.
The new company will be owned 51 per cent by JLL and 49 per cent by Royal DSM.
JLL Partners currently owns about 55.7 per cent of Patheon’s equity.
As a result, the takeover offer would cost about US$582 million cash to buy out shareholders other than JLL and its affiliates.
Patheon shares closed Monday at C$5.94 at the Toronto Stock Exchange, giving it a market value of C$837 million at the time.
The post Friendly takeover offer for Patheon values contract drug maker at US$1…
The offer of US$9.32 per share cash for minority shareholders is coming from a group backed by Patheon’s largest shareholder, U.S. private equity firm JLL Partners.
JLL and European life sciences company Royal DSM plan to combine Patheon into a new global contract drug manufacturer with 23 locations around the world and 8,300 employees.
The new company will be owned 51 per cent by JLL and 49 per cent by Royal DSM.
JLL Partners currently owns about 55.7 per cent of Patheon’s equity.
As a result, the takeover offer would cost about US$582 million cash to buy out shareholders other than JLL and its affiliates.
Patheon shares closed Monday at C$5.94 at the Toronto Stock Exchange, giving it a market value of C$837 million at the time.
The post Friendly takeover offer for Patheon values contract drug maker at US$1…
The Francis Bacon indicator? Art world soaks up excess cash
– theglobeandmail.com
With traditional assets looking scary, investors are piling into fine art – and breaking sales records
Busy day for MPs studying federal budget, Canada-EU trade agreement – Montreal Gazette
– news.google.ca
Bay TodayBusy day for MPs studying federal budget, Canada-EU trade agreementMontreal GazetteOTTAWA – Members of Parliament will be busy today at committees dealing with the economy and trade. Citizenship and Immigration Minister Chris Alexander appears before a Commons committee hearing witnesses on Bill C-4, the Budget Implementation …Ottawa agenda for Monday: Parliament returns, economy, investment and healthWinnipeg Free Pressall 18 news articles »
5.5 year – 3.00%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
Explainer: What is Bicoin and how do you buy it?
– theglobeandmail.com
The virtual currency known as Bitcoin took a step away from the margins of the financial system Monday, as the U.S. Senate homeland security and governmental affairs committee set aside a good chunk of the afternoon for testimony on whether the …
