Briefly:

(February 13, 2008) Musicians and actors aren’t the only ones scooping up awards these days; Wellington West has also nabbed a prestigious trophy.

The company revealed that it has been awarded the title of Best Managed Company by Canada’s 50 Best Managed Companies program, an award sponsored by Deloitte, CIBC Commercial Banking, National Post and Queen’s School of Business.

“We have a winning formula,” says Kish Kapoor, president of Wellington West. “We work hard, we have fun, and we have momentum. We have a strong and healthy balance sheet, and we continue to seek out and add top talent in our selected markets across Canada.”

It’s the third year in a row that the company has been awarded with either the number one or number two spot.

“To be accredited for three years as one of Canada’s 50 Best Managed Companies is a remarkable achievement,” says Calvin Younger, senior vice-president, CIBC Commercial Banking. “This award is a tribute to these companies’ strong leadership, talented workforce and unsurpassed corporate values. They are models of success for companies striving to reach the highest standards.”

MX shareholders vote in favour of TSX merger

(February 13, 2008) Montreal Exchange shareholders voted 99.6% in favour of combining with the TSX on Wednesday.

Michael Ptasznik, interim co-CEO of the TSX Group, says this overwhelming vote of confidence is a significant step in completing its transaction with MX.

Comment period is still open until March 3, with public hearings taking place on March 26 and 27.

Ptasznik says the deal might not be able to close on March 31 as originally planned, but the deal is expected to wrap up soon after.

(02/13/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.