Deutsche Bank break fee angers Stelco investors

Article Abstract:

Germany's Deutsche Bank AG might get as much as $11.5-million as break-up fee, if Stelco Inc. accepts another bid instead of the bank's $900-million offer to raise new money for the legally insolvent company. The break-up fee has angered shareholder groups and other companies that are competing to take over Stelco, which is operating under creditor protection since January 2004.

Germany, Financial management, Blast furnaces and steel mills, Steel industry, Investor relations, Stelco Inc., Deutsche Bank AG (Frankfurt, Germany), DB

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U.S. branch foothold looks pricey for TD: Analysts see $3.5-billion (U.S.) premium price for control of Maine's Banknorth

Article Abstract:

Toronto-Dominion Bank would in deal pay a premium price for establishing a U.S. branch beachhead for control of Banknorth Group Inc., the third largest bank in New England. Analysts believe that the Canadian bank would pay up to $3.5-billion (US) in some combination of stock and cash for a control stake in Banknorth.

United States, Toronto Dominion Bank, Banknorth Group Inc. (Portland, Maine), BNK

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