Latest news with #Carleton
Wall Street Journal
26-05-2025
- Automotive
- Wall Street Journal
Tariffs Add Fuel to Hot Used-Car Sales
CARLETON, Mich.—Used cars haven't been in such short supply at such high prices since the days of Covid. Dealers had a 43-day supply of used cars at the start of May, the lowest level for this time of year since 2021, according to Cox Automotive, an automotive-service business. The average price of the 50 bestselling used cars in the U.S. has increased each week over the past two months to nearly $29,000, according to Cox Automotive data. That compares with an average of more than $48,000 for a new car.
The Market Online
21-05-2025
- Business
- The Market Online
The CSE looks Down Under for first acquisition
The Canadian Securities Exchange (CSE) on Monday announced an agreement to acquire NSX Limited (ASX:NSX), owner of the National Stock Exchange of Australia (NSXA), in an all-cash deal valued at AUD$16 million or AUD$0.035 per share The NSXA listed on the Australian Stock Exchange in 2005 and currently hosts over 45 securities Consideration represents a 59-per-cent premium to NSX's closing price on May 16, 2025 The Canadian Securities Exchange (CSE) on Monday announced an agreement to acquire NSX Limited (ASX:NSX), owner of the National Stock Exchange of Australia (NSXA), in an all-cash deal valued at AUD$16 million or AUD$0.035 per share. The NSXA, formed in 1937 as the Newcastle Stock Exchange, listed on the Australian Stock Exchange in 2005 and currently hosts over 45 securities. The exchange holds a Tier 1 market operator license for the listing and trading of equity securities, corporate debt and miscellaneous investment scheme units. The acquisition, the first in CSE history, allows it to expand its reach through an exchange that shares its focus on early-stage companies, concentrated in the resource sector, that is 'positioned to disrupt a market currently dominated by an incumbent, legacy exchange, as the CSE was over 20 years ago,' according to Monday's news release. Consideration represents a 59-per-cent premium to NSX's closing price on May 16, 2025, and will see the CSE pick up the remaining 95.2 per cent of ordinary shares following a 4.8 per cent investment announced on May 7. The transaction is expected to close in Q3 2025, subject to the approval of shareholders from both companies, the Australian court and the Australian Securities and Investments Commission. Leadership insights 'This transaction enables the CSE to expand its reach and builds on our success in attracting global listings,' Richard Carleton, the CSE's chief executive officer (CEO), said in a statement. 'Through our 21-year history, the CSE has grown to more than 750 listings by focusing on and supporting entrepreneurial companies. The NSXA, working with us, is poised to execute a similar plan in Australia.' 'This transaction is exciting for issuers and investors,' Carleton added. 'Both countries have highly developed capital markets with many common features, including a unique infrastructure that supports pre-revenue companies in the public markets. We look to build on the success of the CSE in Canada and help to provide competing exchange market services to Australian issuers and investors. We will create a collaborative environment where both exchanges can investigate inter-listing solutions for clients.' 'The CSE's acquisition will provide NSX with financial strength and operational stability and bring global expertise to local exchange activities,' commented Max Cunningham, the NSXA's managing director and CEO. 'That is great news for participants and competition in Australia's capital markets. The Canadian experience demonstrates that one exchange size does not fit all. Issuers and investors in Australia are keen to see a dynamic alternative to the larger, legacy incumbent. A stronger balance sheet enables NSX to expand our product offering, sharpen our customer focus and provide Australian companies, brokers and investors liquid, reliable and well-regulated services. We believe in a strong, accountable and transparent regulatory environment underpinned by rules rather than opaque 'precedent-based' decision-making around waivers and other governance matters.' About the Canadian Securities Exchange The Canadian Securities Exchange is a growing exchange proving access to public capital markets in Canada. Join the discussion: Find out what everybody's saying about the CSE's new acquisition on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
18-05-2025
- Business
- Yahoo
Canadian Securities Exchange to Acquire National Stock Exchange of Australia
Highlights: The Canadian Securities Exchange ("CSE") and NSX Limited ("NSX"), have entered into an agreement that will see the CSE acquire NSX, owner of the National Stock Exchange of Australia ("NSXA") in an all-cash transaction valued at AUD$0.035 per fully paid ordinary share The NSXA is positioned to provide listings, trading and market information services, focusing on Australia's dynamic early-stage capital community The CSE leverages its success in Canada supporting small companies to pursue international growth Under its experienced management team and investment and support from the CSE, the NSXA is positioned to disrupt the exchange landscape in Australia for the benefit of issuers and investors Toronto, Ontario and Sydney, New South Wales--(Newsfile Corp. - May 18, 2025) - The Canadian Securities Exchange today announced that it has entered into an agreement with NSX Limited (ASX: NSX), parent company of the National Stock Exchange of Australia, to acquire, pursuant to a Scheme of Arrangement, NSX for all-cash consideration of AUD$0.035 per fully paid ordinary share. The price represents a 59% premium to the closing price of NSX's ordinary shares on May 16, 2025, the last day of trading prior to this announcement. Under the Scheme, CSE will acquire approximately 95.2% of the ordinary shares, having acquired approximately 4.8% of the ordinary shares in NSX on May 7, 2025. This acquisition enables the CSE to expand its geographic footprint by partnering with an exchange that has a similar focus and culture. Like the CSE, the NSXA is primarily focused on early stage, entrepreneurial companies, with particular strength in the resource sector. The NSXA is positioned to disrupt a market currently dominated by an incumbent, legacy exchange, as the CSE was over 20 years ago. The NSXA will continue to be operated locally by its management team, each member having deep expertise in the exchange space. With the support being provided by the CSE, the NSXA will be better able to offer a credible and service-oriented alternative for the capital formation and liquidity needs of emerging companies in Australia and beyond. "This transaction enables the CSE to expand its reach and builds on our success in attracting global listings," said Richard Carleton, CEO of the CSE. "Through our 21-year history, the CSE has grown to more than 750 listings by focusing on and supporting entrepreneurial companies. The NSXA, working with us, is poised to execute a similar plan in Australia." "This transaction is exciting for issuers and investors," added Mr. Carleton. "Both countries have highly developed capital markets with many common features, including a unique infrastructure that supports pre-revenue companies in the public markets. We look to build on the success of the CSE in Canada and help to provide competing exchange market services to Australian issuers and investors. We will create a collaborative environment where both exchanges can investigate inter-listing solutions for clients." Under its management team led by Max Cunningham, Managing Director and Chief Executive Officer, the NSXA is positioned to replicate the CSE's success and become a competitive force in Australian capital formation. "The CSE's acquisition will provide NSX with financial strength and operational stability, and bring global expertise to local exchange activities," said Mr. Cunningham. "That is great news for participants and competition in Australia's capital markets." "The Canadian experience demonstrates that one exchange size does not fit all," added Mr. Cunningham. "Issuers and investors in Australia are keen to see a dynamic alternative to the larger, legacy incumbent. A stronger balance sheet enables NSX to expand our product offering, sharpen our customer focus, and provide Australian companies, brokers and investors liquid, reliable and well-regulated services. We believe in a strong, accountable and transparent regulatory environment underpinned by rules rather than opaque 'precedent-based' decision-making around waivers and other governance matters." The CSE Board has recommended that CSE shareholders vote in favour of the Scheme. The agreement with NSX contains customary deal protections, including a break fee payable to CSE in certain circumstances, as well as exclusivity covenants on the part of NSX. The Scheme is also subject to the approval of NSX shareholders, the Australian court, and the Australian Securities and Investments Commission. On the assumption that the transaction is approved, it is expected to close in the third quarter of 2025. About the Canadian Securities Exchange: The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity. Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision. The CSE offers global investors access to an innovative collection of growing and mature companies. About NSXA: The National Stock Exchange of Australia, a wholly owned subsidiary of NSX Limited, was formed in 1937 as the Newcastle Stock Exchange. It listed on ASX in 2005, the same year it acquired the Bendigo Stock Exchange, and changed its name to the National Stock Exchange of Australia in 2006. It relocated its headquarters and operations to Sydney in 2016. NSX has a Tier 1 market operator licence for the listing and trading of equity securities, corporate debt and miscellaneous investment scheme units. Contact:Mary Anne PalangioChief Financial OfficerCanadian Securities Exchange416-572-2000PR@ FORWARD-LOOKING STATEMENTS This press release contains certain "forward‐looking statements" under applicable securities legislation which include statements with respect to the Acquisition and its anticipated effects; the parties' ability to complete the Acquisition and the timing thereof, the ability to satisfy closing conditions, and receipt of required shareholder and court approvals among others. These statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results. These risks and uncertainties include, without limitation, the possibility that the Acquisition will not be completed on the terms and conditions or on the contemplated timing, and that it may not be completed at all due to a failure to satisfy closing conditions or for other reasons. Actual results may therefore differ materially from those anticipated in the forward-looking statements. CSE does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-05-2025
- Business
- Yahoo
Canadian Securities Exchange to Acquire National Stock Exchange of Australia
Highlights: The Canadian Securities Exchange ("CSE") and NSX Limited ("NSX"), have entered into an agreement that will see the CSE acquire NSX, owner of the National Stock Exchange of Australia ("NSXA") in an all-cash transaction valued at AUD$0.035 per fully paid ordinary share The NSXA is positioned to provide listings, trading and market information services, focusing on Australia's dynamic early-stage capital community The CSE leverages its success in Canada supporting small companies to pursue international growth Under its experienced management team and investment and support from the CSE, the NSXA is positioned to disrupt the exchange landscape in Australia for the benefit of issuers and investors Toronto, Ontario and Sydney, New South Wales--(Newsfile Corp. - May 18, 2025) - The Canadian Securities Exchange today announced that it has entered into an agreement with NSX Limited (ASX: NSX), parent company of the National Stock Exchange of Australia, to acquire, pursuant to a Scheme of Arrangement, NSX for all-cash consideration of AUD$0.035 per fully paid ordinary share. The price represents a 59% premium to the closing price of NSX's ordinary shares on May 16, 2025, the last day of trading prior to this announcement. Under the Scheme, CSE will acquire approximately 95.2% of the ordinary shares, having acquired approximately 4.8% of the ordinary shares in NSX on May 7, 2025. This acquisition enables the CSE to expand its geographic footprint by partnering with an exchange that has a similar focus and culture. Like the CSE, the NSXA is primarily focused on early stage, entrepreneurial companies, with particular strength in the resource sector. The NSXA is positioned to disrupt a market currently dominated by an incumbent, legacy exchange, as the CSE was over 20 years ago. The NSXA will continue to be operated locally by its management team, each member having deep expertise in the exchange space. With the support being provided by the CSE, the NSXA will be better able to offer a credible and service-oriented alternative for the capital formation and liquidity needs of emerging companies in Australia and beyond. "This transaction enables the CSE to expand its reach and builds on our success in attracting global listings," said Richard Carleton, CEO of the CSE. "Through our 21-year history, the CSE has grown to more than 750 listings by focusing on and supporting entrepreneurial companies. The NSXA, working with us, is poised to execute a similar plan in Australia." "This transaction is exciting for issuers and investors," added Mr. Carleton. "Both countries have highly developed capital markets with many common features, including a unique infrastructure that supports pre-revenue companies in the public markets. We look to build on the success of the CSE in Canada and help to provide competing exchange market services to Australian issuers and investors. We will create a collaborative environment where both exchanges can investigate inter-listing solutions for clients." Under its management team led by Max Cunningham, Managing Director and Chief Executive Officer, the NSXA is positioned to replicate the CSE's success and become a competitive force in Australian capital formation. "The CSE's acquisition will provide NSX with financial strength and operational stability, and bring global expertise to local exchange activities," said Mr. Cunningham. "That is great news for participants and competition in Australia's capital markets." "The Canadian experience demonstrates that one exchange size does not fit all," added Mr. Cunningham. "Issuers and investors in Australia are keen to see a dynamic alternative to the larger, legacy incumbent. A stronger balance sheet enables NSX to expand our product offering, sharpen our customer focus, and provide Australian companies, brokers and investors liquid, reliable and well-regulated services. We believe in a strong, accountable and transparent regulatory environment underpinned by rules rather than opaque 'precedent-based' decision-making around waivers and other governance matters." The CSE Board has recommended that CSE shareholders vote in favour of the Scheme. The agreement with NSX contains customary deal protections, including a break fee payable to CSE in certain circumstances, as well as exclusivity covenants on the part of NSX. The Scheme is also subject to the approval of NSX shareholders, the Australian court, and the Australian Securities and Investments Commission. On the assumption that the transaction is approved, it is expected to close in the third quarter of 2025. About the Canadian Securities Exchange: The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity. Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision. The CSE offers global investors access to an innovative collection of growing and mature companies. About NSXA: The National Stock Exchange of Australia, a wholly owned subsidiary of NSX Limited, was formed in 1937 as the Newcastle Stock Exchange. It listed on ASX in 2005, the same year it acquired the Bendigo Stock Exchange, and changed its name to the National Stock Exchange of Australia in 2006. It relocated its headquarters and operations to Sydney in 2016. NSX has a Tier 1 market operator licence for the listing and trading of equity securities, corporate debt and miscellaneous investment scheme units. Contact:Mary Anne PalangioChief Financial OfficerCanadian Securities Exchange416-572-2000PR@ FORWARD-LOOKING STATEMENTS This press release contains certain "forward‐looking statements" under applicable securities legislation which include statements with respect to the Acquisition and its anticipated effects; the parties' ability to complete the Acquisition and the timing thereof, the ability to satisfy closing conditions, and receipt of required shareholder and court approvals among others. These statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results. These risks and uncertainties include, without limitation, the possibility that the Acquisition will not be completed on the terms and conditions or on the contemplated timing, and that it may not be completed at all due to a failure to satisfy closing conditions or for other reasons. Actual results may therefore differ materially from those anticipated in the forward-looking statements. CSE does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Ottawa Citizen
17-05-2025
- Entertainment
- Ottawa Citizen
Graydon Carter's toques to riches story began with 'instructive failures' in Ottawa
One of the most celebrated magazine editors of his generation, Graydon Carter grew up in Ottawa an unlikely success. Article content Article content His altogether miraculous rise from university dropout — he was a distracted student at both uOttawa and Carleton — to the editor's chair at Vanity Fair during the golden age of magazines is chronicled in his new memoir, 'When The Going Was Good.' Article content Article content Carter, now 75 and the eminence grise of New York City style, spent his formative years in Manor Park, where he was a resentful victim of Ottawa's winter, much burdened by its wools and flannels. Article content Article content The book reveals he was so directionless as a young man that he fell into the federal bureaucracy — and narrowly escaped a career as a public servant. Article content 'I had dreams, but nobody would have ever called me ambitious,' writes Carter. 'It could also be said that my parents, and indeed a good number of my friends, thought that life, in the professional sense, had little in store for me.' Article content Carter's Saskatchewan-born father, Edward, was a Royal Canadian Air Force pilot and Second World War veteran who loved nothing more than to fart and to collect wood. He won the heart of Graydon's mother, by among other things, farting loudly in a crowded movie theatre and blaming her for the crime, and he boasted to friends of his ability to bum trumpet the theme song from 'The Bridge On The River Kwai.' Article content Article content Carter remembers being press-ganged to poach firewood from the Greenbelt. His father was 'a bit tight,' Carter reports, and would regularly enlist him and his brother to help troll National Capital Commission forest in search of felled logs. Article content Article content 'Like moonshiners,' he writes, 'we did all this in the near dark, with just the jerky movements of my father's spotlight casting an eerie silent-movie aspect to the agony.' Article content Carter's mother, Margaret Kelk, was considerably more refined. The daughter of a soap executive, she grew up in Toronto's Forest Hill neighbourhood, attended Havergal College, and summered at the family's Muskoka cottage. She was dating the captain of the University of Toronto football team when Edward Carter suddenly blew into her life. Article content They married in September 1946, and welcomed their first son, Graydon, three years later. In the early 1950s, the family moved to Zweibrücken, Germany, where Edward Carter was stationed with the RCAF.
