UPDATE 1-Dundee REIT sells assets, stake to GE Real Estate

(Reuters) - The Toronto-based REIT also said GE Real Estate will buy an
18 percent equity interest in Dundee REIT, or C$165 million of
the outstanding units, following completion of the deal.




GE Real Estate plans to buy 32 million units at a purchase
price of C$47.50 per unit for a total return, including the GE
investment, of about C$1.7 billion, the REIT said. That
represents a 19 percent premium over the closing price of the
REIT's units on the Toronto Stock Exchange on June 1.


Read more at Reuters.com Mergers News

UPDATE 2-CanWest MediaWorks fund agrees to go private

(Reuters) - TORONTO, May 25 - CanWest MediaWorks Income Fund
.




Units of the Toronto-based fund rose 65 Canadian cents, or
7.7 percent, to C$9.05 on the Toronto Stock Exchange, before
backing off to $9.02 on a volume of about 1.9 million units,
just above the C$9 offer price.


Read more at Reuters.com Mergers News

Alcan shares surge as it rejects Alcoa bid

(Reuters) - Alcan stock rose C$4.28 to a new high of C$92.50 on the Toronto Stock Exchange and $4.86 to $85.89 on the New York Stock Exchange.




John Redstone, analyst at Desjardins Securities, thinks there is a 50 percent chance of a counter-bid for Alcan, especially as Alcoa's offer would likely take several months to gain approval from anti-trust authorities.


Read more at Reuters.com Mergers News