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Morguard Corporation announces bid for Revenue Properties (PR Newswire)
Morguard Corporation , announced today that it intends to make an offer for all of the issued and outstanding shares of Revenue Properties Company Limited that it does not already own at an offer price of CDN$12.00 cash per share or the option of receiving 0.33 common shares of Morguard for each 1 common share of RPCL provided that Morguard is not required to obtain a formal valuation of the Morguard common shares and it obtains all necessary regulatory approvals.
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SEC found shortcomings with credit rating firms
WASHINGTON (Reuters) - Regulators found shortcomings in how credit rating agencies evaluated structured products such as mortgage-backed securities, the Securities and Exchange Commission Chairman Chr...