Canadian Warren Buffett's $1.7B deal to acquire Sleep Country approved by competition watchdog

Sleep Country Canada News

Canadian Warren Buffett's $1.7B deal to acquire Sleep Country approved by competition watchdog
Fairfax FinancialThe Canadian Press
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 57 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 63%

The decision by the Competition Bureau gives shareholders the green light to vote on the plan at a special meeting scheduled for Sept. 18.

Pedestrians walk past a Sleep Country Canada store on Yonge Street in Toronto on October 19, 2021. THE CANADIAN PRESS/Evan BuhlerThe decision by the Competition Bureau gives Sleep Country shareholders the green light to vote on the plan at a special meeting scheduled for Sept. 18. The deal requires 66.67 per cent approval.

Sleep Country was founded in 1994 in Vancouver. The specialty retailer says it operates 305 corporate-owned stores and 19 warehouses across Canada. Fairfax is led by Canadian billionaire businessman Prem Watsa, who is often called Canada's Warren Buffett, in part for his focus on the insurance industry. Fairfax has invested in a wide array of Canadian companies, including BlackBerry are under pressure on Tuesday after the company suspended flight tests of its 777X aircraft. This decision was made due to structural damage observed between the engine and the wings of the aircraft.

Dublin, Aug. 20, 2024 -- The "Project Insight - Global Port Construction Projects " report has been added to ResearchAndMarkets.com's offering.This report provides a detailed analysis of port construction projects globallyThe analyst is currently tracking port construction projects globally, from the early pre-planning stages through to execution, with a combined value of $479.6 billion.

Enteligent Raises $6 Million to Scale Commercialization of the World’s First Solar Powered DC-to-DC Charger

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Fairfax Financial The Canadian Press

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett's Berkshire Hathaway offers 'big stamp of approval' to beauty retailer UltaWarren Buffett's Berkshire Hathaway offers 'big stamp of approval' to beauty retailer UltaWarren Buffett's Berkshire Hathaway revealed on Wednesday that it took a stake in Ulta. Here's why that could offer the beauty retailer a much-needed boost.
Read more »

Warren Buffett’s Berkshire reveals stakes in Ulta Beauty, Heico as it retreats from AppleWarren Buffett’s Berkshire reveals stakes in Ulta Beauty, Heico as it retreats from AppleFirm discloses moves in regulatory filing
Read more »

Warren Buffett's Berkshire Hathaway slashes Apple stakeWarren Buffett's Berkshire Hathaway slashes Apple stakeBerkshire Hathaway (BRK-B, BRK-A) cut its holdings of Apple (AAPL) shares by nearly 50% in the second quarter. The Warren Buffett-led company has been...
Read more »

Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake in second quarterWarren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake in second quarterOMAHA, Neb. (AP) — Investor Warren Buffett 's company recorded a $47 billion gain on stock sales during the second quarter as he slashed Berkshire Hathaway's...
Read more »

Warren Buffett Dumps BofA’s Stock for 12th Straight Trading DayWarren Buffett Dumps BofA’s Stock for 12th Straight Trading Day(Bloomberg) -- Warren Buffett sold shares of Bank of America Corp. for the 12th straight day, trimming his conglomerate’s massive stake in the lender by a...
Read more »

Does Warren Buffett's age directly impact his stock?Does Warren Buffett's age directly impact his stock?Berkshire Hathaway CEO Warren Buffett (BRK-A, BRK-B) has another milestone birthday coming up – 94 years. The birthday calls into question how much longer...
Read more »



Render Time: 2025-02-24 18:28:55