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May 10, 2011

OTPP seeks bigger stake in Maple Leaf Sports, for now

TORONTO, May 10 (Reuters) – Ontario Teachers’ Pension Plan
is ready to enlarge its controlling stake in Maple Leaf Sports
and Entertainment as part of a strategy that may lead to the
sale of the company that owns Toronto’s NHL and NBA teams.

Teachers’, one of Canada’s largest pension fund managers,
said on Tuesday it was close to a deal to buy TD Capital’s
(TD.TO: Quote, Profile, Research, Stock Buzz) minority stake for an undisclosed sum.

May 9, 2011

Silver’s price slump unlikely to trip up miners

TORONTO (Reuters) – Silver producers are likely to take this week’s precipitous drop in metal prices in their stride and will keep turning big profits even if the bearish mood persists.

For silver investors, the best news is that few analysts believe the reversal that gripped the market in recent days is the start of a long-term trend. Strong fundamentals also mean exploration projects are unlikely to slow.

May 6, 2011

Analysis: Silver’s price slump unlikely to trip up miners

TORONTO (Reuters) – Silver producers are likely to take this week’s precipitous drop in metal prices in their stride and will keep turning big profits even if the bearish mood persists.

For silver investors, the best news is that few analysts believe the reversal that gripped the market in recent days is the start of a long-term trend. Strong fundamentals also mean exploration projects are unlikely to slow.

May 4, 2011

Onex buys into doormaker JELD-WEN for $675 million

TORONTO (Reuters) – Onex Corp (OCX.TO: Quote, Profile, Research, Stock Buzz), one of Canada’s top private equity firms, said on Wednesday it would invest $675 million in U.S. door maker JELD-WEN Holdings Inc as it bets on the recovery of global housing markets.

Onex said it would acquire a 39 percent stake in the private, Oregon-based company through a $475 million purchase of convertible preferred stock.

Apr 29, 2011

LSE and TMX start long Canadian merger approval process

TORONTO (Reuters) – The London and Toronto stock exchanges started the clock ticking on Friday for the months-long Canadian government review of a $3 billion tie-up that has already polarized public opinion.

Nearly three months after announcing the deal, to opposition from some banks, politicians and companies, the London Stock Exchange (LSE.L: Quote, Profile, Research, Stock Buzz) and TMX Group (X.TO: Quote, Profile, Research, Stock Buzz) said they filed an application for review under the Investment Canada Act and had talked with provincial securities regulators.

Apr 27, 2011

Barrick’s Regent embraces his roots, defies critics

TORONTO, April 27 (Reuters) – Two years after taking the
helm of Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz), Aaron Regent has put his
stamp on the world’s largest gold miner with a bold
diversification that marks a return to his roots.

Barrick’s youthful chief executive, who has years of
experience leading base-metal mining companies, has a steely
confidence in the long-term fundamentals behind surging copper
prices. He’s more bullish than nearly every analyst who makes
forecasts.

Apr 26, 2011

Barrick challenges Minmetals with rich Equinox bid

NEW YORK/TORONTO (Reuters) – Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz) (ABX.N: Quote, Profile, Research, Stock Buzz) has agreed to pay C$7.3 billion ($7.68 billion) for Equinox Minerals (EQN.TO: Quote, Profile, Research, Stock Buzz) (EQN.AX: Quote, Profile, Research, Stock Buzz), pitting the world’s largest gold miner against a unit of China’s top metals trader in a battle for increasingly scarce copper assets.

Equinox shares jumped 11.6 percent in Toronto after the announcement on Monday, a signal that investors believe an even higher bid could emerge from China’s Minmetals Resources (1208.HK: Quote, Profile, Research, Stock Buzz) as copper prices keep pushing into record territory.

Apr 25, 2011

Barrick bids $7.68 billion for Equinox, tops Minmetals

NEW YORK/TORONTO (Reuters) – Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz) (ABX.N: Quote, Profile, Research, Stock Buzz) has agreed to buy Equinox Minerals (EQN.TO: Quote, Profile, Research, Stock Buzz) (EQN.AX: Quote, Profile, Research, Stock Buzz) for about C$7.3 billion ($7.68 billion), topping a bid from China’s Minmetals Resources (1208.HK: Quote, Profile, Research, Stock Buzz) in a big bet on soaring copper demand.

Equinox shares jumped nearly 12 percent in Toronto after the announcement on Monday, signaling that some are expecting a counter-bid from the Chinese metals powerhouse. Barrick shares shed 5 percent, suggesting not all investors agree with the move to diversify.

Apr 25, 2011

Barrick bids C$7.3 bln for Equinox, tops Minmetals

NEW YORK/TORONTO, April 25 (Reuters) – Barrick Gold Corp
(ABX.TO: Quote, Profile, Research, Stock Buzz) (ABX.N: Quote, Profile, Research, Stock Buzz) has agreed to buy Equinox Minerals (EQN.TO: Quote, Profile, Research, Stock Buzz)
(EQN.AX: Quote, Profile, Research, Stock Buzz) for about C$7.3 billion ($7.68 billion), topping a bid
from China’s Minmetals Resources (1208.HK: Quote, Profile, Research, Stock Buzz) in a big bet on
soaring copper demand.

Equinox shares jumped nearly 12 percent in Toronto after
the announcement on Monday, signaling that some are expecting a
counter-bid from the Chinese metals powerhouse. Barrick shares
shed 5 percent, suggesting not all investors agree with the
move to diversify.

Apr 21, 2011

Valeant sets May 12 deadline for Cephalon bid

NEW YORK/TORONTO (Reuters) – Canadian drugmaker Valeant Pharmaceuticals International Inc (VRX.TO: Quote, Profile, Research, Stock Buzz) on Thursday urged shareholders of U.S. rival Cephalon Inc (CEPH.O: Quote, Profile, Research, Stock Buzz) to accept its $5.7 billion takeover offer, or see it walk away.

In its strongest push to date, Canada-based Valeant set a deadline for the deal in a letter to Cephalon shareholders, also urging them to replace the U.S. drugmaker’s board of directors with a slate proposed by Valeant.