mergers
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Montreal food manufacturer MRRM Inc. acquired for $11B
Food and beverage company MRRM has been operating in Montreal for more than 130 years
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It’s official: Tim Hortons, Burger King to ink US$11B deal
The Tim Hortons-Burger King merger will create the world’s third-largest quick service restaurant company with $23 billion in sales and 18,000 restaurants
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BlackBerry acquires anti-snooping firm Secusmart
Chief executive John Chen says buying the German company will address growing concerns about threats to individual privacy and national security
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Packaging solutions firm PC&D acquired by management team
PC&D makes highly engineered packaging solutions for global Tier 1 automotive suppliers and OEMs
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Unilever sells Ragu, Bertolli brands for US$2.15B
The deal includes ownership of two factories in the U.S.
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Sherritt selling coal business for $946M; Westmoreland gets seven mines
Sherritt has been one of Canada’s largest coal producers but it’s a diversified resource company with operations in several countries
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Duke, Progress complete energy merger
Forms the largest electric utility in the US.
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Cabot Corp. buying chemical producer for $1.1 billion
Chemical and specialty products maker Cabot Corp. is buying Norit NV for $1.1 billion.
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Pheonix Aerospace balks at Aveos purchase
Firm will instead commence on expansion worth tens of millions of dollars.
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CAW wants review of 2010 Electro-Motive purchase
Canadian Auto Workers union is accusing Caterpillar of wanting to shutter Electro-Motive plant bought in 2010 and wants the Harper government to stop it. There 650 jobs at stake at the London, Ont. facility.
