
FOMO is Gripping Credit Markets, Making Bond Premiums Vanish
It’s been some time since companies could raise cash in debt markets and come away feeling like they got the better end of the deal.
Latest Videos
The information you requested is not available at this time, please check back again soon.
It’s been some time since companies could raise cash in debt markets and come away feeling like they got the better end of the deal.
China’s all-or-nothing stock market is losing momentum, after three months of what might be best described as forced buying of a deeply oversold asset.
New Statistics Canada data shows investors made up almost one third of homeowners in some provinces in 2020.
A gauge of US services snapped back in January after an end-of-2022 slump, suggesting a resurgence in consumer demand that leans against concerns of an imminent economic slowdown.
Sales in the Toronto housing market ground to the slowest pace since the first month of the pandemic as buyers contend with some of the highest borrowing costs they’ve seen in 15 years.
Oct 25, 2021
The Canadian Press
QUEBEC -- Cominar Real Estate Investment Trust has signed an agreement to be acquired by a consortium led by Quebec real estate firm Canderel Real Estate Property Inc. in a deal with an enterprise value of $5.7 billion.
Under the deal, the consortium will pay $11.75 in cash per unit for the trust.
Cominar units closed up two cents at $10.36 on Friday.
The sale concludes a strategic review process launched by Cominar last year.
In connection with the transaction, Group Mach Acquisition Inc. will acquire some of Cominar's retail and office properties for approximately $1.5 billion and Blackstone will buy Cominar's industrial portfolio.
The deal is expected to close in the first quarter of 2022, subject to Cominar unitholder, court and required regulatory approvals as well as customary closing conditions.