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Wikinvesting since
Mar 2008
wikinvest Sr. Associate
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| making 15 | edits |
| to 9 | articles |
| last edit 496 | days ago |
While the total value of deals last week was $2.25 billion, it was largely off the Bank of Nova Scotia?s strong balance sheet with their $2.07 billion acquisition of CI Financial Income Fund significantly boosting poor numbers. Only 22 transactions occurred last week, no surprise considering the amount of fear and panic in the market.
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With credit tight all around, it?s no surprise to see little M&A activity and unlike the U.S., Canada doesn?t have its own Warren Buffet to keep dealmaking alive. Deals in Canada totaled 24 transactions with a total worth of $314 million bringing year-to-date results to 1,150 deals with a value of $86.4 billion. Investment bankers [...]
With the SEC banning naked short-selling of brokerages, Fannie Mae and Freddie Mac, financials have just been given the green-light to continue blaming someone else for their predicament. Banning naked short-selling may seem tempting as it would create short-term stability in the markets and keep Fannie Mae and Freddie Mac from requiring bail-outs. However short-sellers [...]
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