A Bay Street sign, a symbol of Canada's economic markets and where main financial institutions are located, is seen in Toronto, May 1, 2013.Mark Blinch/Reuters
SPAC sector springs to life behind Alignvest IPO
A record-setting $515-million debut for the second special-purpose acquisition company (SPAC) from Alignvest Management Corp. is expected to breathe new life into the sector by inspiring offerings from rival firms. Story (Willis)
Jamieson joins parade of Canadian brands onto public markets
Venerable vitamin and supplements maker Jamieson Wellness Inc. of Toronto has filed a preliminary prospectus to go public. Story (Silcoff)
This is the daily Streetwise newsletter with headlines chosen by Globe financial services editor Rita Trichur. If you're reading this on the Web or someone forwarded this e-mail newsletter to you, you can sign up for the Streetwise newsletter and all Globe newsletters here.
DAILY DEALS
Lanxess disclosed on Monday that Berkshire Hathaway , the conglomerate run by billionaire Warren Buffett, had acquired a 3 per cent stake in the German chemicals maker. Story (Reuters)
China Tower Corp, which owns and manages the mobile phone towers for China's three state-owned telecom operators, has invited investment banks to pitch for a role in a Hong Kong IPO worth up to $10-billion, IFR reported on Monday. Story (Reuters)
Saudi Arabian lender Alawwal Bank 1040.SE, 40 per cent owned by Royal Bank of Scotland, has picked JPMorgan to advise it on a proposed merger with Saudi British Bank 1060.SE. Story (Reuters)
ELSEWHERE IN FINANCE
Hong Kong's financial secretary wrote a blog post on Sunday to express his displeasure with the recent one-notch cut in Hong Kong's sovereign rating to Aa2. Story (Bloomberg)
President Donald Trump is pushing for $1-trillion in U.S. infrastructure spending over a decade. What will it take to make that happen and where could the money go? Story (Bloomberg)
The Securities and Exchange Commission is letting a number of large companies get away with questionable accounting based on some pretty lame excuses. Story (Bloomberg)