A Hostile Resolution

As a quick follow up to our Into Hostile Territory email (sent January 4th), about Canadian hostile transactions, we are pleased to note the resolution of the final two situations: CANMARC and Ruggedcom.

  • In mid-January, CANMARC received a sweetened offer from Cominar: an 8% increase to $16.50 per share.
  • Yesterday morning, it was announced that Siemens will be acquiring Ruggedcom for $33.00 in a friendly transaction. This represents a remarkable 50% premium to the initial $22.00 hostile bid from Belden.

These impressive results, and the three deals that immediately preceded them (Zarlink, Hathor, and Mosaid), highlight why we are active participants in Canadian hostile deals.

until next time. . . @The Vertex Team

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For information on this update or the funds we offer, please contact your local sales representative:

Noel Dattrino
(Western Canada)
604.408.5660

Michael Lindblad
(GTA & Eastern Ontario)
416.200.4457

James Wilson
(GTA & Western Ontario, Maritime Canada)
519.902.7780