TD bank partners with buyout firm to prepare a run at Stelco: Bank's securities arm quietly worked on offer with major U.S. player for months

Article Abstract:

Toronto-dominion Bank is teaming with an U.S. based buyout firm to examine a takeover of legally insolvent Stelco Inc. The potential bid is led by the bank's time-domain (TD) securities section, which is likely working with Blackstone Group, Kohlberg Kravis Roberts & Co. or another large workout firm with huge resources and plenty of experience in restructuring distressed industrial companies.

Commercial Banks, Acquisitions & mergers, Banking industry, Mergers, acquisitions and divestments, Company acquisition/merger

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A good strategy for Tengelmann: find a friend for A&P in Canada

Article Abstract:

The right move for Tengelmann, the German parent company of A&P Canada, would be to create a strategic alliance between A&P and a local retailer, thereby creating a more powerful Canadian business.

Supermarkets and Other Grocery (except Convenience) Stores, Retail Trade, Grocery stores, Supermarkets, Alliances, partnerships, Retail industry, GAP, Alliances and partnerships, Great Atlantic & Pacific Tea Company Inc.

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OMERS board hit by turf war

Article Abstract:

The reasons behind chief executives' resignations at Ontario Municipal Employees Retirement System are presented.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Chief executive officers, Ontario. Municipal Employees Retirement System

Similar abstracts:

• Abstracts: Inco ups ante with bid for Falconbridge. Falconbridge, Inco formally rebuff offers
• Abstracts: Insolvent Stelco casts big profit recovery as temporary. Dofasco quarterly profit plunges on lower steel prices, rising costs

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