One day after we mused whether Barclays Canada could make it three deals in three days – we posed that as a question or even a challenge – we can are convinced that the firm, one of British-based Barclays Bank, reached that goal.
But it was close: it came after the markets closed.
Indeed its third offer three days differs from another two: this time round Barclays was area of the syndicate formed to market US$550 million of equity that will be issued by Franco-Nevada. Four Canadian-bank owned firms – BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and Scotiabank – were named because the key people in the underwriting syndicate.
Barclays is a co-manager around the financing that will see Franco sell 11.50 million shares to the underwriters who in turn will sell these to investors at US$47.85 a share.
Barclay’s other two deals were in the M&A area include:
? On Monday it was named as the financial adviser to the special committee formed at Amaya to evaluate the proposed going private transaction the ceo is contemplating;
? Barclays was named C together with Morgan Stanley C because the financial adviser to ITC Holdings Corp., the Michigan-based power and transmission company that has decided to be acquired by Fortis for US$6.9 billion.
