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Low stock prices whet M&A players’ appetites
When Mike Ser saw the price of Research In Motion Ltd. fall about 14 per cent in early May, he pounced on the stock.
The Toronto-based trader didn’t buy the company because he thinks it will bounce back. On the contrary, it’s the poor performance that’s attractive. The low stock price, he says, makes it ripe for a takeover.
Mr. Ser has a history of buying companies for the takeover potential....
Higher resource prices lead to more deals done
This has been a busy year for Brian Pukier, a partner with law firm Stikeman Elliott LLP and head of its Toronto mergers and acquisitions group. After a slow summer last year, the M&A space is finally back to normal, he says. “We’d always like more deals, but our firm is keeping busy,” he says.
Mr. Pukier’s firm does a lot of work in the resource space; he’s seen a lot of deals...
Stock market to underperform in Q2
Investors who bought into the market six months ago are feeling pretty good right now. Since early October, the S&P 500 has climbed an amazing 24%, while the S&P/TSX composite index has risen nearly 6%. Not bad, especially considering the losses many experienced in 2011. Some hold out hope this market rally will finally replenish lean retirement portfolios. But if the past few weeks...
The time is now
If you can’t wait for 2011 to end, you’re not alone. For money-conscious Canadians, this has been another difficult year. We’ve been told that we need to save more, that housing prices are unsustainable, that bailouts in Europe will help solve the globe’s economic problems, only to see Greece and Italy descend further into despair. The stock market has been jumpy too, and low bond yields...
Bryan Borzykowski is a Toronto-based writer and editor working mainly for business publications. He writes for the New York Times, Canadian Business magazine, Globe and Mail, Bloomberg Businessweek Custom Publishing, Toronto Star, MoneySense and more. Bryan's the editor of Review magazine and is a senior editor with Connected for Business magazine. He's also a contributing writer with Hello! Canada and was once a weekly music columnist for Metro News. He's been nominated for several National Magazine Awards and he's co-authored