CPP Investment Board to buy Houston office REIT for 12 billion

TORONTO — Canada Pension Plan Investment Board announced a deal Friday to buy a Houston-based real estate investment trust for US$1.2 billion.Under the agreement, shareholders of Parkway Inc. will receive a total of US$23.05 per share, including a $4 special dividend to be paid before the deal closes.Parkway owns a portfolio of 19 office buildings in Houston.PSP Investments seeking Asia base but London remains key hub despite Brexit fears: CEOCPPIB says Parkway fits well with its long-term real estate strategy and gives it additional scale in the Texas city.The transaction is expected to close in the fourth quarter, subject to approval from Parkway’s shareholders.Private equity firm TPG Capital and its affiliates, which own 9.8 per cent of Parkway’s common stock, have agreed to support the deal.09:35ET 30-06-17 read more

SaveSorbs multi functions in environmental clean up

first_imgPro Earth is the manufacturer of SaveSorb products. Totally natural and sustainable, the company says it “uses a proprietary method to create the most effective absorbent of hydrocarbons, chemicals and heavy metals available to protect the environment during mining processes.”In spill control, “compared to traditional spill control items like granules, plant nappy and polypropylene socks, SaveSorb products are quicker, easier and cleaner to use, and much more effective. Companies using SaveSorb save money, save time and save the environment. Here’s how:”* True absorbent- 1kg absorbs up to 6 litres of contaminant* Stays dry after use* Quicker, easier, cleaner to clear up – saves time* Use up to 20 x less loose SaveSorb compared to clay granules* More cost effective – 3x lighter to dispose of* Non-leaching – protects the environment* Absorbs fumes* Hydrophobic- won’t absorb water* Only one spill kit needed – SaveSorb absorbs oils, chemicals, fuels,  paint and moreAs well as preventing pollution, SaveSorb also removes hydrocarbons, chemicals and heavy metals from water. The company is working with a major wastewater company and has designed and built the first Pro Clean Water – an innovative system that removes heavy metals from wastewater.last_img read more