Pav's Feed
Nov 16, 2011

Canada private equity deals tumble in quarter

TORONTO, Nov 16 (Reuters) – The value of Canadian deals
funded by private equity tumbled in the third quarter, though
the level remained well above the trough reached two years ago,
according to an industry report.

Private equity deals worth C$1.34 billion ($1.31 billion),
were reported in the quarter, a 40 percent drop from the same
period last year.

Nov 15, 2011

Canada venture capital investments jump in quarter

TORONTO, Nov 15 (Reuters) – Venture capital investments in
Canadian startups rose 51 percent in the third quarter as
individual investors, pension administrators and government
poured money into VC funds.

Such investments in Canadian companies rose to C$388
million (C$380 million) in the three months to the end of
September, according to figures complied by the Canadian
Venture Capital and Private Equity Association and Thomson
Reuters, the association’s research partner.

Nov 8, 2011

RIM dissidents push for change at BlackBerry maker

TORONTO (Reuters) – The company that makes the BlackBerry has a short window to revive its sagging share price and shake up its business, or risk the escalation of a dissent movement that claims support from holders of 8 percent of its stock.

Three Research In Motion shareholders backing a call from merchant bank Jaguar Financial for transformational change at the Canadian smartphone company said the still-informal group was bound to grow if RIM’s shares don’t rebound soon.

Oct 28, 2011

Sterling’s Mosaid deal includes Nokia-Microsoft patents

By Pav Jordan

(Reuters) – An agreement by a private equity firm to buy Mosaid Technologies for C$590 million ($594 million) includes core wireless patents controlled by the Ottawa-based target company as part of a recent deal with Nokia and Microsoft.

Mosaid acquired about 2,000 patents from Nokia and Microsoft in a deal that closed in September, just weeks after Wi-Lan Inc made a C$532 million hostile bid that the licensing company said was too low.

Oct 27, 2011

Mosaid agrees to C$590 million sale to Sterling partners

By Pav Jordan and Alastair Sharp

(Reuters) – Canadian patent licensing company Mosaid Technologies (MSD.TO: Quote, Profile, Research, Stock Buzz) said late on Thursday that it agreed to be bought by U.S.-based private equity firm Sterling Partners for C$590 million ($596 million), which trumped a hostile bid from rival Wi-Lan Inc (WIN.TO: Quote, Profile, Research, Stock Buzz) for C$532 million.

The all-cash offer of C$46 per share came more than two months after Mosaid rejected an unsolicited C$38 a share bid from Wi-Lan, and embarked on a search for a higher bid.

Oct 19, 2011

Wi-Lan raises bid for Mosaid to C$532 mln

TORONTO, Oct 19 (Reuters) – Canada’s Wi-Lan Inc
raised its hostile bid for Mosaid Technologies Inc to
C$532 million ($527 million) on Wednesday and said its latest
offer for the patent licensing company was final.

Wi-Lan wants to buy Mosaid to help boost its patent arsenal
and make it easier to extract lucrative licensing deals from
technology giants in areas ranging from wireless to
semiconductors.

Oct 12, 2011

Mosaid in talks with private equity firm, stock up

TORONTO, Oct 12 (Reuters) – Mosaid Technologies ,
which is fending off a hostile C$480 million ($475 million)
takeover bid from fellow Canadian patent company Wi-Lan Inc , said on Wednesday it has received a “meaningfully
stronger” expression of interest from a private equity firm.

Mosaid shares rose 5.67 percent at C$40.80 early on
Wednesday afternoon, more than 7 percent higher than Wi-Lan’s
C$38- a-share takeover offer.

Oct 11, 2011

Jaguar says support grows for a RIM shake-up

TORONTO (Reuters) – An activist Research In Motion investor says holders of at least 8 percent of the BlackBerry maker’s stock back its call for a sale or a corporate shake-up at the struggling Canadian company.

Jaguar Financial Corp said it expects the percentage of RIM stock that supports its position to keep rising as it talks with more institutional shareholders about joining its campaign for sweeping change.

Oct 11, 2011

Jaguar says 8 percent of RIM shareholders seek CEO change

TORONTO (Reuters) – An activist shareholder in Research In Motion (RIM.TO: Quote, Profile, Research, Stock Buzz) says holders of at least 8 percent of the BlackBerry maker’s stock back its calls for a sale of the company or at least a radical corporate reshuffle.

Jaguar Financial Corp (JFC.TO: Quote, Profile, Research, Stock Buzz) said it hoped to raise the percentage of stock it represents in RIM even further as talks with additional institutional shareholders bear fruit.

Sep 30, 2011

TMX’s Kloet says too soon to decide on Maple bid

TORONTO (Reuters) – TMX Group (X.TO: Quote, Profile, Research, Stock Buzz), Canada’s largest stock exchange operator, has had several meetings with hostile suitor Maple Group, and has not yet made a decision on whether it will support Maple’s C$3.8 billion ($3.7 billion) takeover bid, Chief Executive Thomas Kloet said.

Kloet said in an interview with Reuters on Friday that a friendly deal was only possible if regulators support the Maple plan, and that it is impossible to say how long the regulatory review process will take.