Wednesday, February 9, 2011

TSX: A merger of equals? Hardly!


Under the announced deal, TMX shareholders will own around 45 percent of the combined group, have seven of 15 board seats and divvy up the executive roles

8 comments:

Dr Mike said...

I am sure Steve & his minions are licking their chops at this deal as they licked their chops at the thoughts of a completion to the Potash deal.

Unlike the Potash deal , this one is all but done as there is no "Brad Wall" champion to save the day & there is only "let er ride" Tony Clement standing in it`s way.

Good bye TSX it was nice knowing you.

Dr Mike Popovich

Anonymous said...

Anyone see this article in the G&M?

"If the merger of the Toronto and London stock exchanges goes through, the largest shareholder of the new entity won’t be a Canadian or a Brit. It will be Sheik Mohammed bin Rashid Al Maktoum, the billionaire ruler of Dubai who loves racehorses and giant yachts and once dreamed of turning his tiny emirate into a world financial centre."

Interesting ... bye, bye TSX.

Anonymous said...

Just another example of Canada being plundered. Anyone checked out Vale's benefit to Canada lately, latest being the shutting down of operations in Thompson Manitoba, following problems in NL and Sudbury.

Once again the top executives and wealthy will reap while the rest of us weep, and remain powerless as the country is carved up and sold off.

Our kids and grandkids will hate us for our complacency and inaction. They will say the CONS were evil but we were true Liberals who stood by and said nothing.

Just another example of Canada being plundered. Anyone checked out Vale's benefit to Canada lately, latest being the shutting down of operations in Thompson Manitoba, following problems in NL and Sudbury.

Once again the top executives and wealthy will reap while the rest of us weep, and remain powerless as the country is carved up and sold off.

Our kids and grandkids will hate us for our complacency and inaction. They will say the CONS were evil but we were true Liberals who stood by and said nothing.

Reminds me of....

FC13

Anonymous said...

Not only the Libs are sitting by and doing nothing.

Toronto can kiss its' financial centre ass goodbye with a big wet one, not on the left and not on the right, but dead on-center.

Underline 'dead' eh?

Not to forget that the effing nitwit job ho provincial finance ministers bought Flaherty's argument about "income trusts must pay corporate income tax" but not one of those lower intelligence creatures has ever bothered to check what's happened to their provincial corporate income tax.

Canadians... truly stupid people.

KL

Anonymous said...

They will merge equally to London with equal ownership from Oil shieks who lost millions on the lame LSE and Nasdaq exchange.
And Canada will equally give into this equal deal only to find out that they were equally duped $$

Equal Equal

Anonymous said...

Hey Equal we are equally duped

JIC

Anonymous said...

Sheik Mohammed bin Rashid Al Maktoum

Is from the UAE.

If we do not allow this deal, Bob Rae will be upset at Canada offending the Emirates.

Anonymous said...

On the question of stupid Canadians and people of the Middle East, Canadian reporters are right up there with the average Canadians.

There`s no surprise that Canadian reporters are not saying anything about the similar methods of the Egyptian police and the Canadian police at the G20 last summer.

The American and British press have reported on how the Egyptian police are arresting people to torture them so that other detainees can see the beatings or hear the shouting and screams. Isn't that what the Canadian police did last summer?

Canadians ...truly stupid people and stupid or lazy reporters.