TNTIF.PK - News and Analysis from Seeking Alpha 'TNTIF.PK' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/symbol/tntif.pk Desjardins Analyst: Teranet Income Shares Down after OMERS Offer Reduced http://seekingalpha.com/article/102685-desjardins-analyst-teranet-income-shares-down-after-omers-offer-reduced?source=feed 102685 Teranet Income Fund (TNTIF.PK) was down 7% Tuesday morning after Borealis Infrastructure Management, a unit of OMERS, reduced its cash offer for all the outstanding units of Teranet from C$11 to C$10.25 per unit. Borealis also extended its offer, previously slated to close on Oct. 31, until 5pm on November 10.

Teranet units were down C$0.75 to C$9.76 on Tuesday, representing a 5% discount to the new offer.   

]]> Wed, 29 Oct 2008 12:11:25 -0400 FP Trading Desk FP Trading DeskFP Trading Desk submits:

Teranet Income Fund (TNTIF.PK) was down 7% Tuesday morning after Borealis Infrastructure Management, a unit of OMERS, reduced its cash offer for all the outstanding units of Teranet from C$11 to C$10.25 per unit. Borealis also extended its offer, previously slated to close on Oct. 31, until 5pm on November 10.

Teranet units were down C$0.75 to C$9.76 on Tuesday, representing a 5% discount to the new offer.   


Complete Story »]]> TNTIF.PK FP Trading Desk BCE Inc.'s LBO Banks: Where's the Common Sense? http://seekingalpha.com/article/102646-bce-inc-s-lbo-banks-where-s-the-common-sense?source=feed 102646 News item: OMERS to cut hostile takeover bid for Teranet (TNTIF.PK) by 6.8%. (Bloomberg)

There you have it. The Teranet Board couldn’t find a better offer than the original C$11 bid by OMERS, so they turned around and recommended what had previously been rejected. The Board and their advisors at CIBC World Markets and RBC Capital Markets recognized the reality of a weak buyers market, and did what they had to do: embrace the once “hostile” bidder.

]]> Wed, 29 Oct 2008 10:21:58 -0400 Mark McQueen Mark McQueen (Wellington Financial) submits:

News item: OMERS to cut hostile takeover bid for Teranet (TNTIF.PK) by 6.8%. (Bloomberg)

There you have it. The Teranet Board couldn’t find a better offer than the original C$11 bid by OMERS, so they turned around and recommended what had previously been rejected. The Board and their advisors at CIBC World Markets and RBC Capital Markets recognized the reality of a weak buyers market, and did what they had to do: embrace the once “hostile” bidder.


Complete Story »]]> BCE TNTIF.PK Mark McQueen