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Published: Friday 23 August, 2013

cheap online shops cheap online shops ?Macquarie approves takeover

The CPP Investment Board said Tuesday its sweetened takeover offer for Macquarie Communications Infrastructure Group has been approved by the Australian companys security holders.

The board said the $2.1billion deal received overwhelming support.

The security holders signed onto the deal after the CPP Board increased the bid. The original offer of $2.50 a share was sweetened by 50 cents after equity markets staged a comeback bet cheap online shops ween March and June.

We are pleased that MCGs security holders voted overwhelmingly in favour of our proposal, the board said in a statement.

As a longterm investor, we look forward to working with each MCG portfolio company management team to continue developing and growing their respective businesses.

Macquarie Group has communications infrastructure businesses in the United Kingdom and Australia, including:

A 48 per cent stake in Arqiva, a national broadcast transmission provider and communication infrastructure owner in Britain. 100 per cent of Broadcast Australia, the biggest broadcast transmission provider in Australia. The CPP board transaction reflects a trend in the Canadian pension sector as funds, including the Ontario teachers and OMERS plans in Ontario, seek more stable nonstock market investments in infrastructure and other sectors that can generate high returns.

The CPP board invests the surpluses generated by premiums paid by employees and employers to the federal Canada Pension Plan, which pays benefits to 17 million Canadians when they retire. The board operates separately and is managed independently, cur cheap online shops rently overseeing $105.5 billion in assets.

The boards portfolio is not used to pay pensions today, but in another 11 to 12 years, a small portion of the CPP funds investment income will be needed to help pay retiree benefits.

Officials confident derailed Calgary train wont fall into river

Train cars cheap online shops that derailed on a Calgary bridge Thursday morning have now been stabilized and officials say they are confident the cars will not fall into the water. In exclusive interviews with CBC News, several of his former hostages confirmed meeting London, Ont. native Xristos Katsiroubas during the attack. An RSS reader allows users to pull in articles from various websites.

Police say a twoyearold Milton, Ont., boy died Wednesday after he was left for a significant portion of the day in a family members vehicle. cheap online shops