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Market Insights
The TMX Group board of directors concluded that, under the terms of the merger agreement with London Stock Exchange Group (LSEG), the Maple proposal did "not constitute a superior proposal, nor could it reasonably be expected to result in a superior proposal".
By Staff |May 27, 2011
2 min read
“I’m bullish on the Canadian stock market,” says Darren Lekkerkerker, manager of the Canadian equity sub-portfolio of the Fidelity Canadian Balanced Fund and co-manager of the Fidelity Global Natural Resources Fund.
By Dean DiSpalatro |May 26, 2011
8 min read
We told you they would be back. And they surely are. In a hostile takeover bid for TMX, Maple Group, a consortium of five of the country's largest pension funds and four Canadian bank-owned investment dealers, has decided to go directly to TMX shareholders to seek their support and to scupper the proposed LSE deal.
By Vikram Barhat |May 26, 2011
3 min read
The Canadian Securities Administrators (CSA) today published CSA Staff Notice 81-322, which provides an update on the investment funds modernization project and seeks feedback on the next phase of this project.
By Staff |May 26, 2011
After a more than three-year courtship, National Bank Financial Group has finally landed Wellington West Holdings Inc.
By Renée Alexander |May 26, 2011
4 min read
Manulife Mutual Funds expanded its global-oriented funds with the launch this week of two new emerging markets trust funds and an emerging markets corporate class. In addition, Manulife Mutual Funds has added a new choice for Canadian Balanced investors, as well as several corporate class and trust fund structures, to the product line.
Less than two months after categorically refuting suggestions of being in takeover talks with Montréal-based National Bank of Canada, officials at the Winnipeg, Manitoba-based Wellington West have admitted they are indeed going to be acquired by the bank.
The Canadian marketplace offers a range of opportunities for impressive returns, but there’s little consensus on where those opportunities lie.
By Dean DiSpalatro |May 25, 2011
7 min read
Canadians fancy the idea of being their own boss, but feel if only finding capital wasn't as hard as getting clients.
By Staff |May 25, 2011
TMX group spurned Maple Group's $3.6 billion overture and decided to stick with the LSE. Maple Group Acquisition Corporation, a consortium of five of the country's largest pension funds and four Canadian bank-owned investment dealers, has expressed disappointment over the decision but hasn't given up the ghost yet.
By Vikram Barhat |May 24, 2011
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