Apollo Global to acquire Great Canadian Gaming in $2.1-billion deal: U.S. private equity firm Apollo Global Management is buying Great Canadian Gaming in a $2.1-billion deal that rescues the casino operator from its financial struggles as many facilities remain closed due to the pandemic. But Great Canadian’s second-largest shareholder heavily criticized the deal, saying it is being sold too cheaply to a foreign player during a crisis, and pledged to vote against it. Story (Jeffery Jones)
Home Capital seeing strong mortgage repayment rates as pandemic-related deferrals end: Home Capital Group has ended 97 per cent of the payment deferrals on mortgages that it granted to clients amid the coronavirus pandemic without a spike in write-offs or delinquent loans, according to the alternative mortgage lender’s third-quarter financial results. Story (James Bradshaw)
Pfizer CEO sold US$5.6-million of stock on day of COVID-19 vaccine update: Pfizer chief executive Albert Bourla has sold stake worth US$5.56-million, according to a regulatory filing that showed the sale was made on Monday, the same day the drugmaker reported positive data on its experimental COVID-19 vaccine. The company said the sale was part of a preannounced trading plan, adopted by Mr. Bourla on Aug. 19. Story (Reuters)
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