Weekend Reading: Merger And Acquisition Edition

There has been a flurry of business activity in Canada this past month.  Empire Company, which owns the Sobeys grocery chain, swallowed up Safeway’s Canadian division – 213 stores – for $5.8 billion.

The news sent Empire’s share price up 18 percent.

Empire then decided to get out of the movie business, selling off 24 Empire Theatres locations to Cineplex for $200 million.

The telecom industry could be shaken up with the U.S. giant, Verizon, eyeing entry into Canada’s wireless market through an acquisition of Wind Mobile or Mobilicity.  Our big three teleco’s, BCE, Rogers and Telus, are small potatoes compared to Verizon, which earned $115 billion in revenue last year.

We’ll see if the government steps in to block or support this potential game changing move.

Speaking of government and regulation, the CRTC finally approved Bell’s $3 billion acquisition of Astral Media, which includes 84 radio stations and 25 specialty TV services.  This was a slightly watered-down version of Bell’s original offer proposed last Fall, which was rejected by the CRTC.

Finally, it looks like the long standing partnership between CIBC and Aeroplan is about to end in an ugly split that may see TD Bank become the new primary credit card issuer for Aeroplan.

The agreement would take effect January 1st, 2014, with TD paying $100 million and committing to purchase minimum annual miles for three years.

Related: Aeroplan To Enhance Recognition Program, Cancel Expiry Policy

Weekend Reading

Here are my top 12 personal finance reads from around the web this month:

How to fight back against bad financial advice

How to fight back against bad financial advice

June 16, 2013 · thestar.com · Your financial institution may give you unsuitable advice, but it can be hard to get compensation.  Here are some tips from an investment mediator.  Open this article

@BarryChoi explains why his financial adviser wanted him dead (Podcast)

@BarryChoi explains why his financial adviser wanted him dead (Podcast)

June 19, 2013 · wheredoesallmymoneygo.com · Episode 23 This week’s episode of Mostly Money, Mostly Canadian is now available on iTunes (You have to click through to “view in iTunes”).  Open this article

How To Dump Your Big Bank Financial Advisor

June 17, 2013 · My Own Advisor · Yes, breaking up is hard to do.  The fallout is never easy.  Oh, I guess the same goes with my big-bank financial advisor as well.  I used to have one, many years ago.  Open this article

An Admittedly Biased Argument in Favour of Banning Embedded Commissions and Instituting a Fiduciary Standard

June 26, 2013 · Spring (the blog) · I stand to benefit if embedded commissions in mutual funds are banned, and if a fiduciary standard for advisors is enacted. I don’t think it invalidates my argument, but at least you know why I’m arguing for it.  Open this article

Sometimes you have to take that $hit job. Sorry.

Sometimes you have to take that $hit job. Sorry.

June 20, 2013 · www.squawkfox.com · I wasn’t born with a silver spoon in my mouth.  You probably weren’t either.  So when people in dire financial situations with dreamy work dreams email me asking for a little career advice, I sometimes want to whack them on the head.  Open this article

F— You, I’m Short Your House

F— You, I’m Short Your House

June 10, 2013 · Financial Uproar · My hand started to quiver as I stared at the screen.  All I needed to do is fill in my password and click ‘ok’, and it would be done.  I paused. I’ve never actually shorted a stock before.  What if I was wrong?  Open this article

Canadian Real Estate: A Rapidly Inflating Bubble

Canadian Real Estate: A Rapidly Inflating Bubble

June 18, 2013 · Don’t Quit Your Day Job · Your neighbors to the south (The United States) recently went through some incredibly hard times in our real estate market – our real estate crash was quite difficult.  Open this article

What Low Interest Rates Mean for New Homeowners and Prospective Buyers

What Low Interest Rates Mean for New Homeowners and Prospective Buyers

June 18, 2013 · Young And Thrifty · If you’ve purchased a home in the past few years, or are thinking of becoming a homeowner soon, chances are you’re keeping a close eye on interest rates.  Open this article

Why Are Dividend Investors Getting Nervous?

Why Are Dividend Investors Getting Nervous?

June 19, 2013 · loonielover.com · It’s no secret there is a lot of con­cern amongst div­i­dend investors these days; it seems that every­body and his dog in the finan­cial press is ask­ing (and then answer­ing) the ques­tion: Is it time to get out of dividend-paying stocks?  Open this article

Don’t give up on dividend stocks

Don’t give up on dividend stocks<br /> Add to ...

June 7, 2013 · The Globe and Mail · The whole grain goodness of blue chip dividend stocks has its limits.  Utility stocks, consumer staples, pipelines, telecoms and real estate investment trusts have all lost ground over the past month, even while the broader market has been flat.  Open this article

What happens if you die in debt?

What happens if you die in debt?

June 17, 2013 · brighterlife.ca · I’ve been travelling a little bit over the last couple of weeks, presenting the findings of our 2013 Sun Life Canadian Unretirement™ Index.  One section in particular — on our attitudes about debt and retirement planning — has triggered discussion.  Open this article

Happy Canada Day weekend, everyone!


4 Responses to Weekend Reading: Merger And Acquisition Edition

  1. Sandi Martin says:

    Thanks for the mention, Robb!

    My husband and I were just talking about the possibility of Verizon entering the Canadian market and were getting very excited about the possibility of increased competition and the end of the telecommunications oligarchy. Here’s hoping.

    (Then on to tackle television…)

  2. Thanks for the mention and blog support. I hope you have a great long weekend.

    Nice list of articles here, got my morning coffee, off work today, might as well click a few links and do some reading and tweeting :)

    Take care,
    Mark

  3. Great Round up Robb. This new set up looks really sharp eh? I’m a huge fan. Thanks for the shout out and the comment over at Y & T. Have a great weekend.

  4. Shafi says:

    In the United States, someone on one of the blogs stated that there is no more telecom monopoly. I am a Verizon customer in cell phone, home phone, Internet and TV. Except for ComCast cable, there is no one else to turn to. These are biggest entities – juggernauts – of the industry. If that’s not monopoly, I don’t know what is.

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