RioCan to fight realfund vote dare

Article Abstract:

RealFund Trust has scheduled a special meeting on Jun 29, 1999, for unitholders to vote on a takeover offer by RioCan Real Estate Investment Trust. However, RioCan opposed the date because it would mean that RealFund has taken more than three months to look for alternative bidders.;RioCan said that three-month period is longer than the 45 days required under RealFund's poison pill provision. RioCan's offer was announced on Mar 15, 1999 and will expire on May 21, 1999.

Real Estate Invest Trusts, Real Estate Investment Trusts, RealFund Trust

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TD Buys Canada Trust, expects Martin's approval

Article Abstract:

Toronto-Dominion Bank (TD) has announced a deal acqire Canada Trust for C$7.85 billion. TD will purchase CT Financial Services Inc, the holding company that owns Canada Trust, for C$67 a share. The deal, which is expected to be closed by Feb 2000, would make TD Bank the third largest in Canada in terms of assets, and the largest retail operator in terms of customer deposits and loans.

Commercial Banks, Commercial Banking, Nondepository Credit Intermediation, Nonbank Credit Institutions, Financial institutions, Canada Trust Co.

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