Wire swiftly slated to run on Saturday, the Liberty Vanguard is the latest government asset to be sold.
Dealers are now looking for a business-to-business use, with the S&P 500 climberting to its highest level since August 2012. The earnings of one of the nation's most lucrative companies, based in Montreal, Que., has been partly offset by a sharp decline in stock prices that began in mid-July.
Top Liberty Commodity listing holders include Coca-Cola, one of 17 suppliers who are to be traded for $1.1 billion (up 38 per cent), several Virtual Reality gaming companies, mining and energy companies, and the owner of JD.com.
Some of these companies may be doomed to remain in that position. Coca Cola Chief Executive Brian Czerwinski is the largest shareholder in the company, with $6.8 billion in common stock. He recently announced plans to sell up to 10 per cent of his holdings in the corporation, which divested from the company in February. Czerbinski made the announcement as the company nears the $100 billion mark in assets.
Gold mining company Glencore has a 50-per-cent stake in the stock. The dividend will be 20 per cent more than the share price.
Even as all the deals are facing stiff competition from private equity firms, the long-stalled sale of 7,500 British Virgin Islands passports is likely to end up favoring the government on Friday.
The U.S. government decided to sell the passports for $480 million to ease the pressure on detained and suspected North Korean terrorists.
A big reason the British government bought the passport in 2009 is that it used them to get passports to the U.K., which had then considered assassinating the Kim dynasty.
Officials from Britain to the People's Republic of China are negotiating with the United States and other governments over the sale, a far-reaching move that would affect the lives of tens of thousands of British citizens living underground in the East China Sea.
It would also be a major shift in the security o