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Domtar president and CEO John WilliamsSHAUN BEST/Reuters

DEAL OF THE DAY: Domtar looks to spend $1-billion on acquisitions

Montreal-based Domtar Corp., North America's second-biggest paper company by market value, is setting aside $1-billion to increase its presence in the personal care business through acquisitions. The Montreal-based company is looking to generate as much as 65 per cent of its earnings from growth businesses including pulp, personal care and specialty packaging as paper demand slows by 3 to 5 per cent a year. Full story

MERGERS AND ACQUISITIONS

Trican Well Service to sell Russian pressure pumping business

Calgary-based Trican Well Service Ltd., an oil field services corporation, is selling its Russian pressure pumping business to RN Assets LLC, a subsidiary of Russia-based OAO Rosneft. The deal is worth $140-million. Full story

Woodbridge buys remaining stake in The Globe and Mail

The Globe and Mail is now 100 per cent owned by Woodbridge Co. Ltd. The private holding company and communications company owned by the Thomson purchased the remaining 15 per cent from BCE Inc. on Friday. Full story

Zargon Oil looking for buyers

Zargon Oil & Gas Ltd., a Calgary-based junior oil and natural gas company, has put itself on the auction block in the face of falling oil prices. Investors welcomed word from Zargon that it is studying a sale and other potential moves aimed at boosting the share price, driving the stock up 7 per cent on Friday. Full story

Pfizer to sell products to resolve competition concerns in Hospira deal

The Competition Bureau has found Pfizer's proposed deal for Hospira Inc. would lessen or prevent competition, and has required it to sell the assets relating to the production of four pharmaceutical products available in Canada. Press release

Brookfield and Co. complete tender offer for GrafTech International Ltd.

A private equity group of Brookfield Asset Management has now completed the tender offer for GrafTech International Ltd., a company in the graphite industry. Press release

GE expected to win EU approval for Alstom

General Electric Co. is expected to secure EU approval of its proposed $14-billion (U.S.) bid for French company Alstom SA's power business, its biggest deal ever. Full story

PRIVATE EQUITY AND VENTURE CAPITAL

Serruya to buy Sani-Service

Toronto-based private equity firm Serruya Private Equity said it will buy Sani-Service, a Canadian subsidiary of North Carolina-based Swisher Hygiene Inc. for an undisclosed amount. Press release

Aberdeen to sell holdings to Ore Acquisition

Aberdeen International Inc. has agreed to sell public and private equity holdings to investment vehicle Ore Acquisition Partners LP. Aberdeen is expected to raise $8.1-million from the sale. Press release

ANALYSIS AND INSIGHT

CPPIB looks ahead to investing despite tough markets Amid volatile market conditions that flattened returns, the Canada Pension Plan Investment Board chief executive officer Mark Wiseman says the investment climate is starting to turn in the fund's favour. Full story

Caisse reports 5.9-per-cent return but says coming months will be 'challenging'

Quebec's largest pension fund manager, the Caisse de dépôt et placement du Québec, earned a 5.9-per-cent return during the first half of the year, but warns it will be harder to continue earning high returns in coming months. Full story

Know of any coming deals we should cover? Have suggestions for making the Daily Deal Roundup more useful? E-mail us at deals@globeandmail.com.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 9:30am EDT.

SymbolName% changeLast
AAB-T
Aberdeen International Inc
0%0.025
BAM-N
Brookfield Asset Management Ltd
-0.12%41.75
BAM-T
Brookfield Asset Management Ltd
0%56.71
BCE-N
BCE Inc
+0.03%34.27
BCE-T
BCE Inc
-0.28%46.37
CE-N
Celanese Corp
+0.45%170.41
E-N
Eni S.P.A. ADR
+0.54%31.64
FE-N
Firstenergy Corp
+0.44%38.63
GE-N
General Electric Company
-2.91%174.87
PFE-N
Pfizer Inc
+0.4%27.89
S-N
Sentinelone Inc Cl A
+2.2%23.18
S-T
Sherritt Intl Rv
+1.79%0.285
TCW-T
Trican Well
0%4.15

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