Scott Deveau
Financial Post
Toronto, ON, Canada
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Past articles by Scott:
Brookfield nears sale of TraPac stake valuing terminal operator at $2 billion
Article content The transaction is set to value TraPac, which has operations in the ports of Los Angeles and Oakland and in Jacksonville, Florida, at about US$2 billion including debt, said the people, who asked not to be identified discussing private negotiations. Talks are ongoing and may still fall apart, one of the people said. A Brookfield representative declined to comment. Representatives… → Read More
Shopify shareholders told by two advisory firms to reject plan to give founder more power
Shopify Inc.'s proposal to give special voting rights to chief executive Tobi Lutke has run into powerful opponents, ISS and Glass Lewis → Read More
Brookfield will spin off its asset-management unit: source
The entity will control Brookfield's fee-generating assets, such as real estate, infrastructure, credit, private equity and renewable energy. → Read More
Brookfield's venture capital arm cuts biggest check yet for Elon Musk's Twitter buyout
Brookfield Growth division piled US$250 million into Musk's US$7.1 billion equity raise for the deal → Read More
All the Terms You Need to Know in Elon Musk’s Takeover Fight With Twitter
Elon Musk is trying to take control of Twitter Inc., an effort Twitter is resisting. Exactly why Musk, the chief executive officer of Tesla Inc. and the world’s richest man, is fighting to buy the social media platform and take it private isn’t entirely clear, although he has long chafed at what he sees as excessive limits on expression on the social media platform. Also unclear to many: the… → Read More
Icahn Blasts Kroger for Low Wages, ‘Torturous’ Pig Crates
(Bloomberg) -- Activist investor Carl Icahn has nominated two directors to the board of Kroger Co. and voiced his concerns about the use of gestation crates ... → Read More
Activist investor Carl Icahn preps proxy fight at McDonald’s over treatment of pigs
Icahn said he's prepared to nominate directors if McDonald's continues to use suppliers that house pregnant pigs in small crates → Read More
Carl Icahn Won’t Stop Till He Gets What He Wants
There’s a scene in the new film about legendary investor Carl Icahn when he tries to explain why he continues his push to shake up corporate America despite getting on in years and accumulating tens of billions of dollars in personal wealth. The pugilistic billionaire, a history buff to boot, compares himself to Alexander the Great. → Read More
Aerojet Chairman Sues CEO Over Control of Rocket-Engine Maker’s Board
Aerojet Rocketdyne Inc.’s chairman and three directors asked a judge to block the CEO and her allies on the board from using company resources in a fight for control of the rocket-engine maker. A lawsuit unsealed Friday revealed long-simmering tensions between Chairman Warren Lichtenstein and Chief Executive Officer Eileen Drake who are at the heart of a proxy battle launched as U.S. antitrust… → Read More
John Foley Still Controls Peloton’s Future With Supermajority Shares
Together, the former CEO and company insiders hold about 60% of the voting stock. → Read More
Peloton Says Foley Will Step Down as CEO in Victory for Activist
Peloton Interactive Inc. Chief Executive Officer John Foley will step down and become executive chair in a victory for activist investor Blackwells Capital LLC, which had campaigned for his departure. → Read More
Kohl’s Said to Get $9 Billion Bid Backed by Starboard Value
(Bloomberg) -- A group backed by activist hedge fund Starboard Value LP is offering about $9 billion for retailer Kohl’s Corp., according to people familiar ... → Read More
Edward Rogers defeats family attempt to limit his voting power
Paves the way for his extraordinary attempt to eject five directors from the company's board and replace them with his allies → Read More
Rogers chairman seeks to replace five members of the board, sources say
The move raises the stakes in the family feud at one of Canada's biggest telecom companies → Read More
What's next for Engine No.1 after its stunning victory over the U.S.'s largest oil company?
If you want to change a system on the climate side, you've got to get people together and drive an outcome, says Engine No.1 CEO Jennifer Grancio → Read More
CN Rail drops bid for Kansas City Southern paving way for CP deal
Agreement between Canadian Pacific and Kansas City Southern will need approval from shareholders, Mexican regulators and the U.S. Surface Transportation Board → Read More
Brookfield wins investor backing for $8.6 billion Inter Pipeline deal
The vote ends a six-month battle for control of Canada's fourth-largest pipeline company → Read More
Brookfield in talks with Scion to purchase US$1 billion in student-housing properties
Joint-venture marks Brookfield's first U.S. bet on the sector → Read More
Pembina scraps $8.5-billion Inter Pipeline takeover offer, clearing path for Brookfield
Inter Pipeline will pay a $350 million termination fee to Pembina, will make a recommendation to shareholders on Brookfield's unsolicited offer 'in due course' → Read More
Brookfield boosts hostile bid for Inter Pipeline to $8.6 billion
Will now offer investors $20 or 0.25 of a share for each Inter Pipeline share → Read More