Analysts say TD paid hefty price for CT

Article Abstract:

Toronto Dominion Bank's C$7.85-billion or C$67 a share offer for CT Financial Services Inc, a holding firm that owns Canada Trust Co, is too expensive, according to analysts. With its purchase of CT from British- American Tobaco Company Ltd, TD Bank hopes to be the No 1 player in most aspects of retail banking. However, analysts are saying that TD Bank will need to implement major cost-reduction efforts to justify the agreement.

Offices of Bank Holding Companies, Financial Holding Companies, Toronto Dominion Bank, CT Financial Services Inc.

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Shaw seeks CRTC blessing to take control of WIC

Article Abstract:

Shaw Communications Inc is seeking the approval of the federal broadcast regulator to become the official controlling shareholder of WIC Western International Communications Ltd. Calgary, Canada-based Shaw has filed an application with the Canadian Radio-television and Telecommunications Commission (CRTC) to take control of 49.96% of WIC's Class A voting shares and 52% of WIC's Class B non-voting shares.

Radio and Television Broadcasting, Broadcasting ex Cable, WIC Western International Communications Ltd.

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