logo
Goldman held takeover talks with Northern Trust amid hunt for deal, Semafor says

Goldman held takeover talks with Northern Trust amid hunt for deal, Semafor says

Globe and Mail23-07-2025
Goldman Sachs (GS), which is 'shopping for a needle-moving acquisition,' held takeover talks with Northern Trust (NTRS) earlier this year and nearly clinched a $6B deal for private-markets specialist Cliffwater, people familiar with the matter told Semafor's Liz Hoffman. The talks with Cliffwater were advanced, but 'fizzled over price,' while discussions with Northern Trust 'could heat up now that the company is in play,' the report added. In June, The Wall Street Journal reported that Bank of New York Mellon (BK) approached Northern Trust to express interest in merging.
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

LeBlanc says he expects Carney, Trump will speak in the coming days
LeBlanc says he expects Carney, Trump will speak in the coming days

CTV News

time31 minutes ago

  • CTV News

LeBlanc says he expects Carney, Trump will speak in the coming days

President of the King's Privy Council for Canada Dominic LeBlanc speaks at a press conference while Prime Minister Mark Carney listens, on Parliament Hill in Ottawa, Thursday, June 19, 2025. THE CANADIAN PRESS/Patrick Doyle OTTAWA — Dominic LeBlanc says he expects Prime Minister Mark Carney and U.S. President Donald Trump will speak 'over the next number of days' as the United States ratchets up pressure in trade talks. The Canada-U.S. trade minister appeared on CBS's 'Face the Nation' on Sunday and spoke about where talks stand between the two countries. LeBlanc told host Margaret Brennan that while Canada is 'disappointed' with Trump's new 35-per-cent tariffs, he is continuing to work toward a deal that would hopefully strike down trade restrictions between the nations. LeBlanc was in Washington last week attempting to find common ground with the Trump administration ahead of Friday's deadline to secure a new deal between the trading partners. While Mexico was granted a 90-day delay on new duties, Trump on Friday hit Canada with a 35-per-cent tariff on all goods that are not compliant with the Canada-U.S.-Mexico Agreement on trade. Canada also continues to face U.S. tariffs on steel, aluminum and automobiles as well as Trump's new 50-per-cent tariffs on semi-finished copper products. This report by The Canadian Press was first published Aug. 3, 2025. Craig Lord, The Canadian Press

LeBlanc says he expects Carney, Trump to talk 'over the next couple of days'
LeBlanc says he expects Carney, Trump to talk 'over the next couple of days'

CBC

time2 hours ago

  • CBC

LeBlanc says he expects Carney, Trump to talk 'over the next couple of days'

Social Sharing Dominic LeBlanc says he expects Prime Minister Mark Carney and U.S. President Donald Trump will have a conversation with each other "over the next couple of days" as Canada tries to find a way out of a 35 per cent blanket tariff on exports to the U.S. "We believe there's a great deal of common ground between the United States and Canada in terms of building two strong economies that work well together," said LeBlanc, the minister responsible for Canada-U.S. trade, on CBS's Face The Nation. LeBlanc left Washington earlier this week without a deal, but he told host Margaret Brennan he came out of discussions "with a better understanding of the American concerns in the trading relationship…. So we're prepared to stick around and do the work needed." Few Canadian goods subject to new rate On Friday just after midnight, Canada's tariff rate rose to 35 per cent following a Trump executive order that criticized Canada's "lack of co-operation" in curbing the flow of fentanyl southward and for retaliating against Trump's existing tariffs. But only a very small number of Canadian products will actually be subjected to that rate — specifically goods not covered by the Canada-U.S.-Mexico Agreement, which governs trade between the three countries. WATCH | LeBlanc insists there wasn't a good deal before Trump's Aug. 1 deadline: No trade deal with U.S. better than a bad one, LeBlanc says 2 days ago LeBlanc told Brennan that Canada was "obviously disappointed" by Trump's decision to raise the tariff rate. In a separate interview on Face The Nation, U.S. Trade Representative Jamieson Greer said Canada was the only country aside from China to retaliate against Trump's tariffs. "If the president is going to take an action and the Canadians retaliate, the United States needs to maintain the integrity of our action — the effectiveness — so we have to go up," Greer told Evans. Trump tariffs face legal challenge When asked whether Canada should drop its countertariffs, LeBlanc cited Ottawa's 25 per cent countertariff on U.S. steel and aluminum imports. "There's a 50 per cent tariff when we want to sell [steel] into the United States, so effectively we're blocked from doing that. But the national security interest of Canada requires we have a viable steel and aluminum sector." Trump invoked his 35 per cent levy using a law that allows the U.S. president to take emergency economic measures to "deal with any unusual and extraordinary threat" to national security. That tariff is facing a legal challenge that has now reached a federal appeals court, putting it further along in the U.S. court system than any other tariff lawsuit.

3 Top REIT Dividend Stocks to Buy in August for Passive Income
3 Top REIT Dividend Stocks to Buy in August for Passive Income

Globe and Mail

time2 hours ago

  • Globe and Mail

3 Top REIT Dividend Stocks to Buy in August for Passive Income

Key Points Mid-America Apartment Communities has increased its dividend for 15 years in a row. Invitation Homes has raised its payment every year since it went public. Realty Income has one of the best dividend growth streaks in the REIT sector. 10 stocks we like better than Realty Income › Investing in real estate investment trusts (REITs) is a great way to generate passive dividend income. Most REITs own large portfolios of income-generating real estate, which provide them with the cash flow to pay attractive dividends. Mid-America Apartment Communities (NYSE: MAA), Invitation Homes (NYSE: INVH), and Realty Income (NYSE: O) are three top REITs due to their consistent dividend growth, strong financial profiles, and high-quality portfolios. Those features make them great stocks to buy for passive income this August. Capitalizing on growing apartment demand Mid-America Apartment Communities has an excellent record of paying dividends. The landlord recently declared its 126th consecutive quarterly dividend. It pays $6.06 per share each year, giving it a more than 4% yield at its recent share price. Mid-America has never reduced or suspended its dividend in its more than 30 years as a public company and has raised the payout for 15 years in a row. The REIT should have no trouble continuing to increase its dividend. Demand for apartments in the Sun Belt region where it operates is strong and growing, while new supplies should be limited in the future. That should keep occupancy levels high across its portfolio and drive steady rent growth. Meanwhile, Mid-America Apartment Communities currently has nearly $1 billion of apartment development projects underway that it expects to complete over the next few years. It also recently completed four projects and acquired two new communities in the lease-up phase for nearly $575 million. "The strengthening demand/supply dynamic coupled with our growing development pipeline, which is nearing $1 billion, should support robust revenue and earnings performance and enhance long-term value creation," stated CEO Brad Hill in the REIT's recent second-quarter earnings report. Cashing in on demand for rental housing Invitation Homes stands out for its consistent dividend record. Since its initial public offering in 2017, this REIT, which specializes in single-family rental homes, has increased its payout each year. The current dividend is $0.29 per share quarterly ($1.16 annually), giving it a yield approaching 4% at the most recent share price. The REIT owns and manages single-family rental properties in high-demand housing markets. That drives healthy rent growth (4% in the second quarter). Additionally, Invitation Homes steadily invests capital to grow its rental property portfolio. It spent $350 million to buy over 1,000 homes in the second quarter. The REIT also provided a developer with $33 million in funding to build a 156-home community that it can acquire in the future. These investments are providing it with incremental sources of income to support its steadily rising dividend. The name says it all Realty Income has one of the best dividend track records in the REIT sector. The company has increased its monthly dividend 131 times since its public market listing in 1994, including the past 111 straight quarters. At the REIT's current payment level ($0.269 per share a month and $3.228 annually), it has a yield approaching 6%. The diversified REIT backs that payout with very stable rental income. It leases its retail, industrial, gaming, and other properties to many of the world's leading companies under long-term triple-net (NNN) agreements. Those leases require that tenants cover all property operating costs, including routine maintenance, real estate taxes, and building insurance. Realty Income also has a very strong financial profile. That gives it the flexibility to continue acquiring properties secured by long-term net leases. It currently expects to invest about $4 billion this year to expand its portfolio. These new investments will enable the REIT to continue increasing its high-yielding monthly dividend. High-quality, high-yielding REITs Mid-America Apartment Communities, Invitation Homes, and Realty Income pay high-yielding and steadily rising dividends. With more growth ahead, they're great REITs to buy this month to collect a rising stream of passive dividend income. Should you invest $1,000 in Realty Income right now? Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store