Posted on 19/10/07
RBC SEES TRUST TAKEOVERS
Royal Bank of Canada predicts that more trust takeover deals are likely to come down the pipe, "giving investors an opportunity to reap further rewards."Forty-two takeout offers have been made since Oct. 31, 2006, when Ottawa broke the back of the trust sector with a new tax regime set to begin in 2011. RBC finds that six acquisition offers for TransAlta Power LP, Vault Energy Trust, PrimeWest Energy Trust, Oceanex Income Fund, Gienow Windows & Doors Income Fund and Spinrite Income Fund made in September and October have had takeover premiums of 23 per cent, in line with the average of deals that have closed since Oct. 31, 2006.
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