Tag Archives: Canada

Canadian COM DEV To Spin Off exactEarth Stake, Sell Company To Honeywell

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Canadian company COM DEV International(CDV.TO) announced that Honeywell(HON) will purchase the company for C$455 million ($345 million USD). Concurrent with the purchase, COM DEV will spin off its stake in exactEarth to shareholders. exactEarth will become an independent, publicly traded company. (i) Honeywell will acquire the equipment business of COM DEV by way of an acquisition of all of… Read More »

Canada Tire To Roll Out Real Estate Spin

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Canadian Tire Corporation(CTC-A) announced plans yesterday to spin off its real estate as a REIT.  The company anticipates selling 10-20% of the new REIT in an IPO this fall, and retaining the rest. The new REIT will have approximately 18 million square feet of real estate valued at approximately C$3.5 billion. The company has no announced plans to… Read More »