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Sterling, CPP Increase Offer for Livingston

Posted on: December 16, 2009 by PEHub AdministratorNo Comments »

Sterling Partners and CPP Pension Plan have increased their offer to acquire Canadian logistics services provider Livingston International Income Fund (TSX: LIV), from C$8 per share to C$9.50 per share. The total deal value is now around C$273 million. Sterling would hold a 60% stake following the transaction, with CPP holding the remainder.

CPP, Sterling To Take Livingston International Private

Posted on: October 9, 2009 by PEHub AdministratorNo Comments »

(Reuters) – Canadian logistics services provider Livingston International Income Fund (LIV_u.TO) agreed to be taken private by Canada Pension Plan Investment Board and Sterling Partners in a deal valued at about C$225.3 million ($213.6 million). Under the deal, Livingston’s unit holders would receive C$8 per unit in cash, representing a premium of 20 percent based [...]