+ housing starts down across the country, job losses in January are ‘disappointing’ says Prime Minister Harper but worrying considering uncertain global economic outlook
+ KEYreit established an independent committee to consider Huntingdon Capital Corp. take-over bid and adopted a Unitholder Rights Plan & repudiated the takeover bit
+ U.S. President Obama’s State of the Union speech tonight; expect clues to Keystone XL Pipeline approval, carbon tax, strong push on environmental and immigration issues
NEWS REVIEW Feb. 5 - 11
+ Advantage Oil & Gas Ltd. engaged advisors to review strategic alternatives
+ Alberta Energy Minister Hughes announced a new oil marketing strategy, focusing on export routes, new pipeline alternatives – examining new ideas
+ Primaris REIT, H& R REIT, KingSett Capital consortium proposed amended transaction for takeover of Primaris REIT that involves properties Primaris is currently acquiring
+ Royal Bank of Scotland to pay $162 million fine for LIBOR rate rigging
+ StorageMart acquired ACME Storage in Edmonton, will re-brand as StorageMart
+ Teck Resources Ltd. announced it will invest $400 million in its Frontier oilsands mine in 2013/14 as its 20% participation in Fort Hills project
+ TriOil Resources Ltd. announced its 2013 CapEx Budget of $93 million
+ TriOil Resources Ltd. struck a board committee to conduct a strategic review to enhance shareholder value
REAL ESTATE NEWS FROM OTHER PLACES
+ Brookfield Asset Management Inc. expanding in U.S., buying 5000 apartment units from Babcock & Brown for US$ 414 million
+ Dundee International REIT agreed to acquire $568 million portfolio of office properties in Germany
+ Airport Trail tunnel construction stalled – dispute with contractor over bridge deficiencies, possibility span may need to be rebuilt
+ Mayor Nenshi is chest-thumping (or is it electioneering?), whining the province isn’t moving fast enough on approving a multi-decade Calgary regional plan while Municipal Affairs Minister Griffiths claims they haven’t talked in months … both acting childish
SHAREHOLDER MEETINGS
+ Mar. 11; Servus Credit Union, Annual General Meeting, Edmonton
+ Apr. 23; Celistica Inc., Annual General Shareholders Meeting, Toronto
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications.
- this site is maintained and updated weekly - last updated May 30, 2023
