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The Avro Arrow, also known as the CF-105, had a lot resting on its wings. To this day, 65 years later, the Avro Arrow remains one of Canada’s biggest collective regrets and still fuels public discourse, as recently unveiled documents have shed some light on exactly what happened to the doomed project. As a result, thousands of jobs were lost and Avro Canada eventually collapsed entirely. Another says Canadian intelligence analysts deliberately misconstrued information to support a decision that the government had essentially made, providing an excuse for it. “They decided they wanted a big new fancy plane, so they came up with all the operational requirements largely in isolation, without really paying attention to what the reports were saying.”By the late 1950s, he adds, the Arrow arrow was getting very expensive and quite delayed.
Persons: , Richard Mayne, ” Mayne, , Mayne, didn’t, John Diefenbaker, Alan Barnes, Barnes, Keith Beaty, Dan Aykroyd, Crawford Gordon, Arrow, John Burzynski, ” Burzynski, Burzynski Organizations: CNN, Avro, Royal Canadian Air Force, Arrows, Soviet Union, DND, ” Aircraft, , Sputnik, , CF, NASA, Ottawa’s Carleton University, Soviets, Chiefs, Staff Committee, Canadian Air and Space Museum, Toronto Star, CBC, Canadian Broadcasting Corporation, Reynolds, Springbank Airport, Canada Aviation, Space Museum, Canadian Aviation and Space Museum, Arrow Locations: Canada, Soviet, Soviet Union, North America, Avro Canada, American, United, United States, Canadian, Wetaskiwin , Alberta, Muskoka , Ontario, Calgary –, Ottawa, Lake Ontario
Link’s M&A chain breaks into pieces Down Under
  + stars: | 2022-12-08 | by ( ) www.reuters.com   time to read: +2 min
MELBOURNE, Dec 8 (Reuters Breakingviews) - It’s hard to feel bad for well-compensated bankers but Link Administration’s (LNK.AX) M&A advisers at Macquarie (MQG.AX) and UBS (UBSG.S) need some Christmas cheer. On Thursday their client pulled the plug on negotiations for a partial takeover by Canada’s Dye & Durham (DND.TO), effectively accusing its suitor of dithering. Macquarie and UBS did manage Link’s sale of a slug of its 43% stake in mortgage-settlement company PEXA (PXA.AX) and may help distribute the remainder to shareholders. If Link offloads its troubled London unit, the slimmed-down company, worth perhaps A$800 million, could yet attract new interest. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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Oct 20 (Reuters) - Link Administration Holdings Ltd (LNK.AX) said on Thursday it will explore options to divest its Link Fund Solutions business, months after Britain's financial regulator said it may fine the unit in a probe relating to a now-defunct fund. Link Administration's proposed A$2.47 billion ($1.55 billion) deal to be acquired by Canada's Dye & Durham (D&D) (DND.TO) fell through a month ago, after a local court denied approval, citing failure to meet key conditions. Register now for FREE unlimited access to Reuters.com RegisterThe unit is also being sued in the UK for up to 100 million pounds by claims management firm RGL. read moreThe FCA did not immediately respond to a request for comment on the potential divestment of the Link unit. Link Administration is currently is talks with D&D in relation to a revised bid, which could see the share registry firm sell its corporate markets and banking segment for A$1.27 billion.
Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Aug. 23, 2018. Register now for FREE unlimited access to Reuters.com RegisterCentral banks around the world meanwhile had jacked up interest rates - and borrowing costs - amid raging inflation. Then last month Ramsay said the KKR-led group had notified it that it would not improve on what Ramsay considered a "meaningfully inferior" offer, due to the target company's weak business performance. A spokesperson for the KKR-led consortium told Reuters in a statement: "Following recent engagement with the Ramsay Board, we have decided to mutually terminate discussions regarding a potential change of control transaction". The stock was last trading at A$57.64, one-third below the initial indicative buyout price which Ramsay's biggest shareholder had supported.
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