Deutsche Bank break fee angers Stelco investors
Article Abstract:
Germany's Deutsche Bank AG might get as much as $11.5-million as break-up fee, if Stelco Inc. accepts another bid instead of the bank's $900-million offer to raise new money for the legally insolvent company. The break-up fee has angered shareholder groups and other companies that are competing to take over Stelco, which is operating under creditor protection since January 2004.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
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U.S. branch foothold looks pricey for TD: Analysts see $3.5-billion (U.S.) premium price for control of Maine's Banknorth
Article Abstract:
Toronto-Dominion Bank would in deal pay a premium price for establishing a U.S. branch beachhead for control of Banknorth Group Inc., the third largest bank in New England. Analysts believe that the Canadian bank would pay up to $3.5-billion (US) in some combination of stock and cash for a control stake in Banknorth.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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