Canada's second biggest pension fund the Caisse de dépôt et placement du Québec said it will open its first Indian office in New Delhi to scout for investments in South Asia, Reuters reported. The Caisse also announced the appointment of Anita Marangoly George as managing director for South Asia. Based in New Delhi, George will head up the new CDPQ India unit to seek investment opportunities across all asset classes.
1 min read · 09 March 2016
Burberry (BRBY.L) is attempting to identity a mystery investor who has built up a stake of nearly 5 percent in the company, pushing its shares to a five-month high on Tuesday on speculation of a potential takeover bid, Reuters News reported.
1 min read · 09 March 2016
Toshiba Corp (6502.T) has granted Canon Inc (7751.T) exclusive negotiating rights for its medical equipment unit after a hotly contested auction, with a report putting Canon's offer at more than $6 billion, Reuters News reported.
2 min read · 09 March 2016
A securities regulator has ruled that Corus Entertainment Inc need not disclose more details of its $2.65 billion proposal to buy media assets from Shaw Communications Inc, meaning a shareholder vote this week could proceed, Reuters reported. The Ontario Securities Commission's panel issued the ruling in response to an application from private equity firm Catalyst Capital Group, a minority Corus investor fiercely critical of the deal.
2 min read · 08 March 2016
PCI Pharma Services, a U.S. provider of outsourced packaging and clinical trial supply services to the pharmaceutical industry, is exploring a sale that could value it at around $1 billion, including debt, Reuters News reported.
2 min read · 08 March 2016
American Express Co shares rose more than 1 percent on Monday after Fox Business News reported that the credit-card company might be acquired by Wells Fargo & Co or another financial firm, Reuters News reported.
1 min read · 08 March 2016
Corus Entertainment Inc’s minority shareholders are set to approve its $2.65-billion bid for Shaw Communications Inc’s media assets, despite vocal opposition from Canadian private equity firm Catalyst Capital Group, sources told Reuters. The shareholder vote is scheduled for March 9.
2 min read · 07 March 2016
Old Mutual, an Anglo-South African financial services company, said on Monday it was considering all options as part of a strategic review it announced in November, but that it had not yet made any decision, Reuters News reported.
1 min read · 07 March 2016
Jefferies Group LLC will merge its junk-rated loans and bonds business with the junk debt unit of its joint venture with MassMutual Financial Group, according to people familiar with the matter, in the biggest reorganization by a U.S. investment bank since the leveraged finance markets seized up last year, Reuters News reported.
3 min read · 07 March 2016
Catalyst Capital Group, a fierce critic of Corus Entertainment Inc's $2.65 billion bid for Shaw Communications Inc's media assets, has called on the Shaw family that controls both companies to prove the deal was the result of a fair, competitive process, Reuters reported. Ontario's securities regulator said it would hold a hearing to consider whether to approve the deal in light of Catalyst's complaints.
2 min read · 04 March 2016
