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Toronto-based Onex and the CPPIB have not launched a formal bid but have proposed a deal, worth more than $4-billion, for Tomkins PLC. Due diligence on the company is now “at an advanced stage,” Tomkins said in a statement Monday. Is gold really worth $5,000, $10,000, or even $50,000 an ounce? Another real-time business index comes in well-below expectations, but nobody cares: all the market is pathetically focused on is that Alcoa "beat" a consensus EPS that it would have missed as recently as a week ago. As for those lucky few who still care about the fundamentals that are pushing the economy right back into the ...
from Deepak Moorjani, it was means to be shared as more of an opinion piece with some policy implications - it is, after all, rare to get the insight of whistleblowers who decry allegedly illicit practices. The fact that Moorjani's previously published piece had been removed from certain main stream media outlets, however, raised some red flags and I decided to probe further. What I have discovered is an ever-developing, very intricate story, with potentially substantial ramifications not only for one specific company's internal corporate policy and potential abuses thereof, but ... Read More
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