CA Bancorp, a Toronto-based publicly-traded merchant bank, has entered into an acquisition agreement with CDJ Global Catalyst LLC. Under the terms of the agreement, CDJ will acquire all of the firm's issued and outstanding common shares for C$3.2 per share, an increase from CDJ's previous offer. CA Bancorp's Board of Directors has unanimously determined the deal to be in "the best interests" of the firm and its shareholders. Over the years, CA Bancorp has invested in a range of Canadian companies, including existing portfolio investments Digital Payment Technologies Corp. and Salbro Bottle Group.
5 min read · 28 January 2013
SCL Elements, Inc., a Montréal, Quebec-based company that works with systems integrators, resellers, and OEMs on software set-ups to held optimize buildings' energy consumption, has been acquired by French energy management specialist Schneider Electric SA. The financial terms of the deal were not published. SCL Elements has since 2011 been backed by US clean-tech venture capital firms Navitas Capital and The Westly Group.
2 min read · 28 January 2013
Quintiles Transnational Corp, a provider of contract research for the pharmaceutical and biotechnology industries, is speaking to banks about a potential initial public offering, writes sister news service Reuters. JPMorgan Chaseand Deutsche Bank are among the banks vying for a role, writes Reuters.
2 min read · 28 January 2013
1 min read · 28 January 2013
Canadian pension fund Ontario Teachers' Pension Plan has emerged as a final-round bidder for the fibre-optics business of Leighton Holdings Ltd, writes Reuters. The business could fetch as much as A$870 million ($908.15 million), writes Reuters.
2 min read · 28 January 2013
1 min read · 28 January 2013
3 min read · 28 January 2013
3 min read · 28 January 2013
1 min read · 28 January 2013
2 min read · 28 January 2013
