Tag: canada

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 […]