Fairfax Financial to Acquire Pethealth Inc. for $2.79 Per Share in Cash

TORONTO, ONTARIO and OAKVILLE, ONTARIO--(Aug 29, 2014) - Fairfax Financial Holdings Limited (FFH.TO)(FFH-U.TO) ("Fairfax") and Pethealth Inc. (PTZ.TO) ("Pethealth") announced today that they have entered into an arrangement agreement (the "Arrangement Agreement") under which Fairfax will acquire all of the outstanding common shares of Pethealth for $2.79 per share in cash. In addition, under the terms of the transaction, Fairfax will acquire all of the outstanding preferred shares of Pethealth for a purchase price of $2.79 per share in cash, plus any dividends accrued but unpaid up to, but excluding, the day of closing.

By Rachel Fox --- FoxOnStocks.com

Want to buy a 3D printer?
That’ll be $1,375 please.

Yes, you heard correctly. It’ll cost you$1,375 to buy one of these groundbreaking pieces of machinery. While 3D printers are revolutionary to our lives, they’re not exactly new to the world. The first 3D printing technologies were developed all the way back in the 1980′s.

Now were just five short years before 3D printers will become adopted by mainstream culture.

Five years seems very far away…However, When put into perspective, five years isn’t really that much longer, seeing as 3D printers have been around since 80′s.

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August 20th:

The Governor invited the Committee to vote on the propositions that:

• Bank Rate should be maintained at 0.5%;
• The Bank of England should maintain the stock of purchased assets financed by the
  issuance of central bank reserves at £375 billion.

Regarding Bank Rate, seven members of the Committee (the Governor, Ben Broadbent, Jon Cunliffe, Nemat Shafik, Kristin Forbes, Andrew Haldane and David Miles) voted in favour of the proposition.

Ian McCafferty and Martin Weale voted against the proposition, preferring to increase Bank Rate by 25 basis points.

Regarding the stock of purchased assets, the Committee voted unanimously in favour of the proposition. ]

[ Minutes of the Monetary Policy Committee Meeting held on 6 and 7 August 2014. ] (153 KB PDF)

TORONTO — The Toronto stock market advanced Monday amid a further lessening of tensions in the Ukraine/Russian crisis, while traders looked ahead to a heavy slate of economic events.

The S&P/TSX composite index was ahead 33.94 points to 15,338.18. The Canadian dollar was unchanged from Friday’s close at 91.84 cents US.

New York’s Dow industrials jumped 102.69 points to 16,765.5, the Nasdaq gained 24.84 points to 4,489.76 and the S&P 500 index rose 10.23 points to 1,965.29.

Sentiment was positive after the Russian and Ukrainian foreign ministers held talks in Berlin over the weekend. The discussions were aimed at ratcheting down tensions in eastern Ukraine, where pro-Russian militias have been battling Ukrainian forces.

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