Bullboard - Stock Discussion Forum iShares Global Real Estate Index ETF T.CGR

Alternate Symbol(s): IGREF

The investment objective of the Fund is to replicate, to the extent possible, the performance of the Cohen & Steers Global Realty Majors Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment... see more

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TSX:CGR - Post Discussion

iShares Global Real Estate Index ETF > Takeover by Journalistic License?

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Post by December3 on Apr 02, 2007 12:43pm

Takeover by Journalistic License?

Looks like I missed UXG's takeover offer for CGR! I didn't know that UXG has taken control of CGR? Maybe this is what is called "Journalistic License?" Isn't that an obscure part of Canadian Code that allows one company to takeover another, just by having an article written/published about it? Slick of McEwen to find and use such an easy method to win control..... 12-3 (tongue-in-cheek)

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Comment by seriousinvest on Apr 02, 2007 2:09pm

UXG originally proposed a takeover of CGR but it later withdrew the proposal. A few months ago it initated takeovers of 3 0f the 4 original targets but for unexplained reasons(some regulatory issue) it did not propose a merger with CGR. So the other 3 transaction were recently completed but CGR remains independent(although McE still owns a large chunck andI wouldn't be surprised if it ...more

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iShares Global Real Estate Index ETF