08:08:39 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 981,054,526
Close 2015-11-23 C$ 45.57
Market Cap C$ 44,706,654,750
Recent Sedar Documents

Globe/wire say sources see Capstone talking with banks

2015-11-24 08:05 ET - In the News

See In the News (C-CSE) Capstone Infrastructure Corp

The Globe and Mail reports in its Tuesday, Nov. 24, edition that unnamed sources say Capstone Infrastructure ($3.35) is working with bankers to explore a sale. A Bloomberg dispatch to The Globe reports that sources say Capstone hired Toronto-Dominion Bank and the Royal Bank of Canada to advise on the process. Capstone oversees a portfolio of infrastructure businesses ranging from gas co-generation, wind, hydro, water and biomass power-generating facilities. It has operations across Canada and in the United Kingdom and Sweden. Sources say potential suitors for Capstone include Brookfield Asset Management ($45.57), and some Canadian pension and infrastructure funds. Larger utilities that are involved in power generation as well as regulated utilities may also have some interest in the company, such as Algonquin Power & Utilities ($10.74), says National Bank Financial analyst Rupert Merer. He says, "It is a bit of a diversified basket, which would tend to suggest that only the larger diversified utilities would acquire them." Capstone's shares are down 25 per cent in the 12 months through Friday, after it was handed an unfavourable rate decision for its Bristol Water business in December.

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