Tag: canada

Brookfield Business and CDPQ made the day of Johnson Controls’ Shareholders by acquiring Power Solution Business for $13.2bn

Johnson Control International PLC [JCI: NYSE] – Market Cap as of 21/11/2018 $30.754bn Brookfield Business Partners LP [BBU: NYSE] – Market Cap as of 21/11/2018 $4.613bn Introduction On November 13th, 2018 Johnson Control International announced its intentions to sell Power Solutions Business, one of its most profitable divisions. Generating $8bn of revenues so far this […]

Canada grows its shale’s footprint: Encana to acquire the North American Newfield in a strategic $5.5bn deal

Encana Corporation [ECA: NYSE] – Market Cap as of 13/11/2018 $7.74bn Newfield Exploration Company [NFX: NYSE] – Market Cap as of 13/11/2018 $4.04bn Introduction On the first of November, 2018, Encana Corporation announced a definitive agreement to purchase all outstanding shares of common stock of Newfield Exploration Company, an all-stock transaction valued at $5.5bn. Following […]

Can Next Crisis Come from Canada?

The current bull market has been continuing (with certain fallbacks) for around ten years. This has left people questioning when and, more precisely, where will the next crisis come from. In search of a potential contagion, we had our attention drawn to Canada, a seemingly safe economy which had emerged out of the 2008 crisis […]

Consolidation in the Canadian Energy Sector Continues: Pembina to Acquire Veresen for C$9.7bn

Pembina Pipeline Corp (NYSE:PBA) – market cap as of 05/05/2017: $17.38bn Veresen Inc. (TSE:VSN) – market cap as of 05/05/2017: C$5.81bn ($4.26bn) Introduction On May 1, 2017, Pembina Pipeline Corp. announced that it had agreed to buy smaller rival Veresen Inc. for about C$9.7bn, either paid through stock or cash, creating one of Canada’s largest […]

Market Recap 07-05-2017

United States The S&P 500 closed the week at $2,399.29, a record high and up 0.63% when compared with the close of the previous week. During the week several important announcements have been released; first of all the Federal Reserve decided to leave interest rate unchanged at 0.75%-1.00% following the slowdown in growth experienced by […]

Market Recap 23-04-2017

United States Amidst continued geopolitical uncertainty and mixed corporate earnings results, US equities experienced a week of sideways movement. Later in the week however, the major indices recovered some of their previous week´s losses as confidence in president Trump´s tax reforms strengthened again. US treasury secretary Steven Mnunich announced that a proposal for the tax […]

Burger King-Tim Hortons: Tax Dodging Whoppers?

Burger King Worldwide Inc., Market Cap (as of 19/09/2014): $10.96bn Tim Hortons Inc., Market Cap (as of 19/09/2014): $11.75bn Burger King, the US-based fast food restaurant chain, joined the list of the controversial tax-avoiding companies when on August 26 it formally reached an agreement for acquiring the Canadian coffee maker Tim Hortons Inc., which allows […]

RITC: The interview!

From the 18th to the 21st of February, BSIC represented Bocconi at the Rotman International Trading Competition. Our team ranked 6th out of 50 teams, standing out among the world’s top universities. We were indeed proud to interview them in order to get a flavour of their exciting experience in Toronto. “What is the Rotman […]

$4.7bn bid for the fading mobile giant Blackberry

BlackBerry Limited (Market capitalization as of 27/09/2013: $4.20bn) Fairfax Financial Holding Limited (Assets under Management as of 30/06: $2.5bn)   On September 23rd, Fairfax Financial Holding Limited, a Canadian insurance and investment company, announced it was leading a group of investors to take over BlackBerry Limited, the Canadian smartphone company formerly known as Research In […]

‘Over the summer’ trade on commodities

Not so long ago, prices of oil, steel and gold (just to name a few) were thought to continue floating upwards forever as China entered its third decade of growing with breakneck speed. However, commodity prices have been deteriorating since 2008-2009, in line with sluggish growth and fall in demand in the developed world. This […]