All about Canadian investments. Learn the ins and outs and get the latest news.
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All about Canadian investments. Learn the ins and outs and get the latest news.
Making sense of the markets this week: July 2, 2023 - moneysense.caThis week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
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60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
30 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Allergan reviewing special meeting requests as Valeant ratchets up $53B hostile takeover bid
– canadianbusiness.com
TRENTON, N.J. – Botox maker Allergan Inc. is reviewing shareholder requests for a special meeting to consider replacing most of its board, a change fellow drugmaker Valeant Pharmaceuticals International Inc. is seeking as part of the hostile takeover attempt it’s been waging since April.
Allergan has repeatedly rejected Valeant’s offers to buy the company, the latest for about $53 billion in cash and stock, saying Valeant is substantially undervaluing the company and that an independent Allergan can generate more value for shareholders.
Valeant and its partner — investment fund manager Pershing Square Capital Management LP — said late Friday they had submitted to Allergan written requests for a special shareholders meeting from holders of 31 per cent of Allergan’s stock. That exceeds the level Allergan’s bylaws require, Pershing Square said.
Allergan, based in Irvine, California, said Friday evening that it will announce details on a possible meeting once it finishes reviewing the requests…
Allergan has repeatedly rejected Valeant’s offers to buy the company, the latest for about $53 billion in cash and stock, saying Valeant is substantially undervaluing the company and that an independent Allergan can generate more value for shareholders.
Valeant and its partner — investment fund manager Pershing Square Capital Management LP — said late Friday they had submitted to Allergan written requests for a special shareholders meeting from holders of 31 per cent of Allergan’s stock. That exceeds the level Allergan’s bylaws require, Pershing Square said.
Allergan, based in Irvine, California, said Friday evening that it will announce details on a possible meeting once it finishes reviewing the requests…
