Spanish multinational oil firm CEPSA bought Canadian Coastal Energy Co. for CAD2.3 billion (USD2.21 million) including debt. CEPSA will pay CAD19 per Coastal Energy share in cash.
Tags: Canada
Saputo hikes Warnambool bid to USD472 million in three-way contest
Canada-based milk processor Saputo Inc raised its acquisition offer for Australia-based Warrnambool Cheese & Butter Factory Co to AUD515 million in a three-way bid contest with dairy firms Bega Cheese Ltd and Murray Goulburn Cooperative Co.
New Look Eyewear to buy Vogue Optical for USD74 million
Optical retailer New Look Eyewear Inc will be buying Charlottetown-based eyewear company Vogue Optical Inc for USD74 million to become Canada's third-largest integrated optical product seller.
Vendetta Mining inks deal to acquire Pegmont Lead-Zinc-Silver Property in Queensland
Canadian Vendetta Mining Ltd. announced that it has signed a deal with Pegmont Mines Limited to buy an undivided 100% stake in the Pegmont Lead-Zinc-Silver Property.
Kenan Advantage acquires RTS-Westcan
Ohio-based tank truck transportation and logistics provider Kenan Advantage Group purchased Canada-based bulk transportation provider RTS-Westcan Group of Cos in an acquisition deal with undisclosed terms.
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Canadian private equity firm Fairfax Holdings Ltd. said that it would acquire a controlling stake in Keg Restaurants Ltd. Keg president and chief executive officer David Aisenstat will retain a minority stake of 49%.
Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan, said it would be buying British Burton's Biscuit Co. for an unspecified amount from the Canadian Imperial Bank of Commerce and affiliates of Apollo Global Management.
The Board of Directors of Income Streams III Corporation announced the final regulatory approval for its merger into Dividend Split Corp which is set to take place on December 1, 2013.
Chilean drug maker CFR Pharmaceuticals issued a formal bid to acquire 100% of the issued share capital of South African pharmaceutical company Adcock Ingram Holdings Limited for USD1.26 billion.
Clean-technology company Therma-Flite recently closed a major funding round with Canadian private equity and venture capital firm XPV Capital. Therma-Flite said it raised USD7.5 million in financing.
Canadian oil producer Cardinal Energy Ltd. targeted to bring in CAD250 million from its initial public offering. The company would price its shares between CAD10 to CAD10.5 per share.
Coupon website LivingSocial offered a 25% discount on selected deals for its US and Canadian clients following a rare 40-hour outage that crippled its website, apps, and merchant center.
Social media giant Twitter Inc announced it will introduce self-service advertisements for small- and medium-sized businesses (SMBs) in Canada, Ireland and the United Kingdom starting this week.
US-based global private equity firm Advent International signed an agreement to purchase a USD1.1 billion minority stake in Ocensa, Colombia's biggest oil pipeline in terms of capacity.
