Titans at the altar: two financial giants link up with new partners

Article Abstract:

The Bank of Nova Scotia announced on Jun 24, 1997, that it plans to acquire National Trustco Inc for $1.25 billion. Three days later the Royal Bank of Canada submitted a $2.4 billion buyout plan for London Insurance Group Inc. Canada's banking and finance industries have undergone several recent acquisitions.

Financial services industry, Financial services, Bank of Nova Scotia (Canada), National Trust Co.

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How Power trumped the Royal Bank (Power Corp.'s acquisition of London Insurance Group) (The Nation's Business) (Column)

Article Abstract:

Paul Desmarais is now in his 70s, but he still has financial acumen and great influence over his $100 billion empire. He spearheaded the apparently successful bid to takeover London Insurance Group, beating out a rival bid made by the Royal Bank of Canada.

Management, Column, Power Corporation of Canada, Great-West Life Assurance Co., Desmarais, Paul

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Trouble on the way to the altar: liberal MPs take aim at Canada's richest merger

Article Abstract:

Liberal members of parliament in Canada are fiercely opposed to the $39 billion merger between Royal Bank and Bank of Montreal. Finance Minister Paul Martin was alienated by the banks' failure to provide warning prior to the announcement.

Bank mergers, Political aspects, Bank of Montreal

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