Marleau goes out with a bang

Article Abstract:

Marleau Lemire Inc. is moving its headquarters from Montreal, Canada, to Toronto, Canada, as well as changing its name to Peelbrooke Capital Inc. as part of its "rebirth." The plans were approved by shareholders during the company's annual meeting, along with the election of a new slate of five directors. Marleau Lemire Chairman and Chief Executive Officer Richard Renaud said the firm is implementing the phase 2 of its redeployment plan, which includes seeking investments with hidden or latent value for Marleau Lemire's remaining C$27 million in cash.

Comment:

Is moving its headquarters from Montreal, Canada, to Toronto, Canada, as part of its "rebirth"

Securities Brokerage, Organizational nomenclature, Stockbrokers, Article, Marleau Lemire Inc., Peelbrooke Capital Inc.

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National regulator may be needed: ME chief

Article Abstract:

A single federal securites regulator in Canada must be formed if the provincial securities commissions fail to agree on how to regulate the three proposed national exchanges. Under the specialization plan, the Montral Exchange would take over all the derivative trading in Canada, the Toronto Stock Exchange will become the center for blue-chip stocks, while the merged Vancouver and Calgary exchange will handle junior issues. However, the regional securities commission could not agree on a system to jointly regulate the proposed national exchanges.

Securities & Commodities Exchanges, Securities and Commodity Exchanges, Government regulation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Securities & Commodities Regulatn

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BAT drops public sale for Imperial

Article Abstract:

British American Tobacco PLC (BAT) of London, UK, has cancelled its plan to spin off at least 20% of Imperial Tobacco Ltd in a secondary offering that could have raised C$1.8 billion. BAT said that there is no sufficient demand for the stock which may result in the decline in share value once it started trading on the stock market. Imperial Tobacco is the cigarette unit of Imasco Ltd, which is being acquired by BAT in a C$10.3-billion deal.

Asset sales & divestitures, Cigarettes, Cigarette Manufacturing, Imperial Tobacco Group PLC

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