Trilon bosses got over $1-million

Article Abstract:

Trilon Financial Corp. has announced its plans to take real estate company Royal LePage Ltd. private. Trilon, which owns 55% of Royal LePage, has offered to buy out all existing shareholders for C$5.50 per share or a total of C$40 million. Trilon will pay C$4.75 cas for each of the 7.3 million shares it does not own, plus half a warrant that the company values at 75 cents. The half warrant allows holders to buy one Trilon class A share at C$11.25 per share within three years.

Land Subdivision and Land Development, Insurance, Insurance Carriers and Related Activities, Subdividers & Developers, Royal LePage Ltd.

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CIT has stock option if Newcourt bid fails

Article Abstract:

CIT Group, based in New Jersey, USA, has been granted an option to acquire as many as 22.3 million shares of Toronto, Canada-based Newcourt Credit Group Inc once the planned merger of the two companies is not realized. The deal, which is now valued at $3.8 billion, would result in the creation of the biggest nonbank financing firm in North America, with assets of $50 billion.

Business Credit Institutions, All Other Nondepository Credit Intermediation, Commercial finance companies, Newcourt Credit Group Inc.

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