Archive for August 28th, 2007
Orion Securities on Discovery / Top Aces merger details
28 August 2007Here is this morning’s research note on Discovery Air (DA.A:TSX) from Orion Securities regarding Friday’s closing of Discovery’s acquisition of Wellington Financial Fund II portfolio co. Top Aces.
Discovery Air successfully closed its acquisition of Top Aces Inc. Recall, Top Aces is an aviation company based out of Pointe-Claire, Quebec that specializes in military [...]
Orion / Macquarie deal
28 August 2007Is it actually true? Is Macquarie Bank going to swallow up our old friends at Orion Securities? Are they inching closer to the finish line? Sounds like it’s for real this time.
If so, any early congrats to Dan, Marilia, Jess, Mitch, Eugene, Loriann, Ron, Chris, Lee, Harry, Lil, Allison et al.
MRM
Why is National Bank’s Ironstone ABCP not paying investors back?
28 August 2007In light of the news that the Canadian Chartered banks had decided to take care of their own (see post “Banks agree to support each other; what of the rest?“, Aug 21-07), you have to ask yourself why National Bank’s Ironstone Trust isn’t giving its commercial paper investors their money when the paper comes due. [...]
Acer sees an opening as Dell’s troubles deepen
28 August 2007I saw that Acer brought US$710 million to the auction yesterday to bring Gateway into its barn. This puts Acer at #3 in market share; behind Dell and HP but ahead of Levono.
A few weeks ago, I discovered that Dell wasn’t able to make and deliver a simple desktop computer in less than 35 [...]