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U.S. and Canadian stocks were mixed as the energy sector advanced despite weak manufacturing data.
Another offer at this stage is very unlikely. In any case a 75 cent loonie would be nice...just like a higher offer!
Close Jan 29, 2014 CDN/US ratio: 0.7913 TLM (TSX): closed 9.37, discount 7.32% TLM (NYSE): closed 7.44, discount 7.00% Read more at...
the breakup fee is only $270 mil or about 25 cent/share. Any new offer higher than 8.25 USD could take TLM from Repsol but no show yet.
The Canadian Dollar is sinking faster than expected. I didn't expect to see it drop below 79 cents in Jan. Good news for us though.
Ever notice how after Repsol made its offer, there were no other bids. Nothing. Canada Pension completely dropped out. Throughout 2014...