Canada's Top Takeover Targets

Posted on Wednesday, May 31 at 10:09 by nancymarie
The strategic push to wheel and deal comes at a time when corporations are flush with cash. As the economy boomed in recent years, most companies paid off loans, so debt-to-equity ratios haven't been this low since the 1970s. With balance sheets strong and the business outlook rosy, it has never been easier for large companies to borrow from banks, or sell bonds to finance purchases. And even with the recent dip, stock market values support selling shares to finance takeovers. full story: http://www.theglobeandmail.com/servlet/story/LAC.20060531.RTAKEOVER31/TPStory/Business [Proofreader's note: this article was edited for spelling and typos on June 1, 2006]

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  1. Wed May 31, 2006 8:45 pm
    As the late JK Galbraith said "The purpose of economic competition is to eliminate competition"

    This story is a clear example of the idology based, forced collectivization of the world's economy into the hands of oligopolies and cartels. Actions, old time economists and politicians warned and made laws against.

    Now they're encouraging it and rub their hands with glee, as they do here in BC and across Canada, when their local economies are taken over and destroyed by multinational, carpetbagger crooks. The idiots call this "increased competitiveness".

    So, let's hear from our brave "free enterpriser", "individualist", trolls expounding the benefits of the forced collectivization of the economy into politically correct hands and compare their words to those of Lenin and Stalin, who advocated and forced on the same theory at the cost of millions of lives, as it is happening now.

    So, kiddies, who are the "lefties"? The collectivizers, or those who would like to see home made democratic decision making powers in the hands of locally owned and controlled private as opposed to fraudulent "free..." enterprise.

    Ed Deak.

  2. Wed May 31, 2006 9:58 pm
    The dream of touching that wealth is what keeps people believing the lies. Very hard spell to break. The "free market" people will just say the difference between Stalin and what is happening now is there is choice this time. What's sad is that it's true, they don't even cover it up anymore and the majority still buy into it.

  3. by RPW
    Sat Jun 03, 2006 2:40 pm
    Canadian Wine Goes Sour http://ca.news.finance.yahoo.com/03042006/6/finance-constellation-buy-vincor-1-bln.html <blockquote>Constellation Brands Inc. said on Monday it would buy Canadian winemaker Vincor International Inc. for C$1.27 billion, or US$1.09 billion, bringing months of hostile bidding to an end. <p>The Toronto Stock Exchange's main index jumped more than 165 points on Monday, as buoyant commodity prices and a C$1.27-billion bid for Vincor International pushed it to a fresh all-time high.</p></blockquote> Of course, Vincor CEO Donald Triggs HAS said there will be layoffs (but you can bet, not for him): <blockquote>Triggs said he would assist with the transition but declined to say exactly how long he plans to stay with the company once it is part of Constellation. As part of the deal, Vincor will buy the 100-acre Delaine Vineyard in Niagara, Ontario, and certain rights from a company controlled by Triggs.</blockquote> <p>---<br>RickW



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