Warren Buffett owes it to shareholders of his Berkshire Hathaway Inc. to vote against Coca-Cola Co.’s executive-compensation plan, said David Winters, a money manager who controls stakes in both companies.
Bank of Montreal, which advised on deals involving two Canadian premier hockey teams in the past five years, is targeting North America’s sports industry to bolster its U.S. mergers-and-acquisitions business.
Ontario Teachers’ Pension Plan, the largest pension manager in Canada’s most populous province, is partnering with GE Aviation and the Japanese government to finance an engine for Boeing Co.’s newest airliner.
Alexander Forbes Ltd., Africa’s largest independent retirement-fund administrator, climbed the most in 21 months after saying it was weighing expressions of interest to buy the company alongside plans for a share sale.
Blackstone Group LP, the world’s biggest manager of alternative assets such as private equity and real estate, said first-quarter profit rose 30 percent as the carrying value of its holdings increased and it collected more fees.
Johnson Controls Inc., seeking to reduce its reliance on the cyclical auto industry, agreed to acquire Canada Pension Plan Investment Board’s Air Distribution Technologies for $1.6 billion to add ventilation products.