Debt-heavy Pengrowth Energy Corp. is in talks to sell approximately $500-million in Alberta oil and gas assets to Infor Acquisition Corp., the latest sign of financial companies stepping up for energy assets, according to people familiar with the matter. Story Fairfax Financial Holdings Ltd. is preparing a bid to acquire New Zealand-based insurance company Tower Ltd. in a deal valued at about $140-million , according to people familiar with the sale process.
Category: Fairfax Financial Holdings
Last week’s best reads: Pengrowth, Fairfax, TMX
Debt-heavy Pengrowth Energy Corp. is in talks to sell approximately $500-million in Alberta oil and gas assets to Infor Acquisition Corp., the latest sign of financial companies stepping up for energy assets, according to people familiar with the matter. Story Fairfax Financial Holdings Ltd. is preparing a bid to acquire New Zealand-based insurance company Tower Ltd. in a deal valued at about $140-million , according to people familiar with the sale process.
Brian Gaynor: Takeover fever hits the sharemarket
The NZX has been hit by a serious bout of takeover fever, with bids for Tower and TeamTalk this week. This follows full or partial offers for Abano Healthcare, Airwork Holdings, Antipodes Gold and Hellaby Holdings in recent months and the strong possibility that Tenon will delist after the sale of its main business.
Brian Gaynor: Takeover fever hits the sharemarket
The NZX has been hit by a serious bout of takeover fever, with bids for Tower and TeamTalk this week. This follows full or partial offers for Abano Healthcare, Airwork Holdings, Antipodes Gold and Hellaby Holdings in recent months and the strong possibility that Tenon will delist after the sale of its main business.