Power lines run out of the the Hydro One Claireville Transfer Station in Vaughan, Ontario Monday March 9, 2015.
DEAL OF THE DAY: Hydro One prospectus released
The largest privatization of a public asset in a generation in Ontario took a step forward Friday as the government released a preliminary prospectus for Hydro One's initial public offering. Full story
MERGERS AND ACQUISITIONS
A wrinkle for Northern REIT deal
The chief executives trying to complete Canada's latest real estate merger have something new to explain to investors: a $9.8-million incentive fee. Full story
Petco in talks with PetSmart
Petco Holdings Inc. is exploring the possibility of being acquired by PetSmart Inc., according to people familiar with the matter, in a merger that could create a company that accounts for 30 per cent of U.S. pet specialty supplies stores.
The preliminary talks between the two private-equity-owned companies come after PetSmart ruled out a deal with Petco last year in favour of a sale to a buyout consortium led by BC Partners Ltd. for $8.7-billion, including debt. Full story
BAY STREET MOVES
National Bank Financial investment banking co-head departs
National Bank Financial has parted ways with investment banking co-head Greg Thompson, capping an executive shuffle that started in January. Full story
PRIVATE EQUITY AND VENTURE CAPITAL
Serum stake on the block
Indian billionaire Cyrus Poonawalla is in talks with private equity firms and sovereign funds about selling as much as a 10-per-cent stake in Asia's largest vaccine maker, Serum Institute of India Ltd. Full story
IN CASE YOU MISSED IT
Chinese electric car startup secures high-profile backing
A Chinese electric car startup, NextEV Inc., with ambitions to challenge Tesla Motors Inc., has raised about half of the $1-billion it's seeking, roping in investors including Sequoia Capital and Joy Capital as part of plans to develop affordable, connected green cars. Full story
Know of any coming deals we should cover? Have suggestions for making the Daily Deal Roundup more useful? E-mail us at deals@globeandmail.com.