Euan's Feed
Jan 8, 2015

Goldman led Canadian pack in value of M&A deals in 2014

TORONTO (Reuters) – Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) led investment banks advising on mergers and acquisitions in Canada in 2014, a year in which big international oil and gas deals were hot before oil prices turned cold.

Before the fourth-quarter collapse of oil prices, Canadian M&A activity last year was dominated by big energy-sector deals such as Spanish oil giant Repsol SA’s (REP.MC: Quote, Profile, Research, Stock Buzz) $8.3 billion bid for Talisman Energy (TLM.TO: Quote, Profile, Research, Stock Buzz) and Encana Corp’s (ECA.TO: Quote, Profile, Research, Stock Buzz) $5.9 billion buyout of U.S. rival Athlon.

Jan 8, 2015

Scotiabank tops in Canada equity issues in 2014 as big deals dominate

TORONTO, Jan 8 (Reuters) – Bank of Nova Scotia led
investment banks in Canada in the value of equity issues it
advised on in 2014, driven by a few high-profile initial public
offerings and some big oil and gas deals before the oil-price
rout in the year’s second half.

Equity issues worth C$37.3 billion ($31.6 billion) were done
in Canada last year, up from C$34.1 billion in 2013, data from
Thomson Reuters showed on Thursday. Scotiabank advised on C$5.5
billion, followed by RBC Capital Markets with C$5.4
billion and BMO Capital Markets with C$4.7 billion.

Dec 17, 2014

BlackBerry woos keyboard loyalists with launch of Classic

NEW YORK/TORONTO, Dec 17 (Reuters) – BlackBerry Ltd
launched its long-awaited Classic on Wednesday,
a smartphone it hopes will help it win back market share and woo
those still using older versions of its physical keyboard
devices.

The Canadian mobile technology company said the new device,
which bears striking similarities to its once wildly popular
Bold and Curve handsets, boasts a larger screen, longer battery
life, an expanded app library with access to offerings from
Amazon.com Inc’s Android App store, and a browser three
times faster than the one on its legacy devices.

Dec 16, 2014

Exclusive: Porter nearing sale of Toronto airport terminal – sources

TORONTO (Reuters) – The parent of Canada’s Porter Airlines is nearing the sale of a passenger terminal it operates at Toronto’s Billy Bishop Airport, according to three sources familiar with the process.

The sources, who asked not to be named as they are not authorized to publicly comment on the matter, said a bidding process for the asset on the island airport is underway.

Dec 16, 2014

Porter nearing sale of Toronto airport terminal -sources

TORONTO, Dec 15 (Reuters) – The parent of Canada’s Porter
Airlines is nearing the sale of a passenger terminal it operates
at Toronto’s Billy Bishop Airport, according to three sources
familiar with the process.

The sources, who asked not to be named as they are not
authorized to publicly comment on the matter, said a bidding
process for the asset on the island airport is underway.

Dec 12, 2014

Apple pacts in Canada may have raised prices -court filing

OTTAWA (Reuters) – Canadian consumers may have ended up
paying higher prices for cellphones and wireless services
because of contracts between Apple Inc’s Canadian unit
and domestic carriers, the Canadian Competition Bureau said in a
court filing this week.

The affidavit made on Tuesday by the Competition Bureau’s
Vincent Millette listed several ways the agreements with the
phone companies may have prevented or lessened competition.

Dec 11, 2014

U.S., Canadian regulators approve Continental-Veyance deal

WASHINGTON/TORONTO (Reuters) – German auto supplier
Continental AG won both U.S. and Canadian antitrust
approval to buy Veyance Technologies, a U.S.-based maker of
industrial hoses and belting, on condition that it sells certain
assets, regulators said on Thursday.

The U.S. Department of Justice said it approved the proposed
1.4 billion euro ($1.73 billion) deal for Ohio-based Veyance if
Veyance sold its North American commercial vehicle air springs
business.

Dec 10, 2014

Yamana to explore sale of some Brazilian assets in 2015

TORONTO, Dec 10 (Reuters) – Yamana Gold Inc said on
Wednesday it will place some of its Brazilian assets that have
been deemed as non-core into a subsidiary dubbed Brio Gold and
that it will explore a potential sale along with other options
for the unit in 2015.

The Canadian gold miner said it has retained National Bank
Financial and CIBC World Markets as financial advisors to assist
in the process of evaluating strategic alternatives with respect
to Brio Gold.

Dec 8, 2014

BlackBerry, NantHealth launch cancer genome browser

TORONTO (Reuters) – BlackBerry Ltd and NantHealth, a healthcare-focused data provider, launched a secure cancer genome browser on Sunday, giving doctors the ability to access patients’ genetic data on the BlackBerry Passport smartphone.

Earlier this year, BlackBerry bought a minority stake in privately held NantHealth. The mobile technology company sees healthcare as one of the niche sectors in which it has an advantage, due to the heightened focus on patient privacy and BlackBerry’s vast networks that can manage and secure data on mobile devices.

Dec 4, 2014

Vale base metals IPO could prove to be a Bay Street bonanza

TORONTO, Dec 4 (Reuters) – Brazilian mining giant Vale’s
plan to sell a stake in its base metals unit through
a Toronto Stock Exchange listing could lead to the biggest IPO
in Canadian history and a windfall in fees on Bay Street.

Vale confirmed a Reuters report about the potential sale
this week, putting the size of the stake at 30 to 40 percent. It
said the unit may be worth $30 billion to $35 billion, including
the assumption of debt. The IPO could take place in the latter
half of 2015, if market conditions allowed.

    • About Euan

      "Euan Rocha covers mining and minerals in Canada, where he focuses on gold, base metals and fertilizer companies. Euan, who is currently based in Toronto, has previously worked with Reuters in the United States and India. While based in New York for four years, Euan headed the Reuters Alerts team, before moving on to cover the U.S. chemical industry. Euan began his career with Reuters in Bangalore, India in 2004."
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