Tiffany snags Aber stake

Article Abstract:

Tiffany and Co of NY has reached an agreement to acquire a 14.3% stake in Aber Resources Ltd of Vancouver for $104 million. The acquisition gives the American jeweller a foothold in Canada's diamond mining industry. The deal gives Tiffany eight million treasury shares at $13 per share in the Canadian firm. The US jeweller also secures the right to Aber's Diavik diamond project, which has the potential to be a major producer in the future.

Jewelry Stores, Gem Diamonds, All Other Nonmetallic Mineral Mining, Diamond industry, Diamond mining, Diamonds, Aber Resources Ltd.

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Rules block benefits of TSE, CDNX merger: Stymiest

Article Abstract:

According to Barbara Stymiest, president of the Toronto Stock Exchange, the TSE's merger with the Canadian Venture Exchange will not provide investors with the full benefits of the deal duet to variations in regional securities regulations.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Management, Laws, regulations and rules, Mergers, acquisitions and divestments, Finance, Stock exchanges, Securities industry, Investors, Securities law, Toronto Stock Exchange, Stymiest, Barbara, Canadian Venture Exchange

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