Euan's Feed
Dec 16, 2014

Porter nearing sale of Toronto airport terminal -sources

TORONTO, Dec 15 (Reuters) – The parent of Canada’s Porter
Airlines is nearing the sale of a passenger terminal it operates
at Toronto’s Billy Bishop Airport, according to three sources
familiar with the process.

The sources, who asked not to be named as they are not
authorized to publicly comment on the matter, said a bidding
process for the asset on the island airport is underway.

Dec 12, 2014

Apple pacts in Canada may have raised prices -court filing

OTTAWA (Reuters) – Canadian consumers may have ended up
paying higher prices for cellphones and wireless services
because of contracts between Apple Inc’s Canadian unit
and domestic carriers, the Canadian Competition Bureau said in a
court filing this week.

The affidavit made on Tuesday by the Competition Bureau’s
Vincent Millette listed several ways the agreements with the
phone companies may have prevented or lessened competition.

Dec 11, 2014

U.S., Canadian regulators approve Continental-Veyance deal

WASHINGTON/TORONTO (Reuters) – German auto supplier
Continental AG won both U.S. and Canadian antitrust
approval to buy Veyance Technologies, a U.S.-based maker of
industrial hoses and belting, on condition that it sells certain
assets, regulators said on Thursday.

The U.S. Department of Justice said it approved the proposed
1.4 billion euro ($1.73 billion) deal for Ohio-based Veyance if
Veyance sold its North American commercial vehicle air springs
business.

Dec 10, 2014

Yamana to explore sale of some Brazilian assets in 2015

TORONTO, Dec 10 (Reuters) – Yamana Gold Inc said on
Wednesday it will place some of its Brazilian assets that have
been deemed as non-core into a subsidiary dubbed Brio Gold and
that it will explore a potential sale along with other options
for the unit in 2015.

The Canadian gold miner said it has retained National Bank
Financial and CIBC World Markets as financial advisors to assist
in the process of evaluating strategic alternatives with respect
to Brio Gold.

Dec 8, 2014

BlackBerry, NantHealth launch cancer genome browser

TORONTO (Reuters) – BlackBerry Ltd and NantHealth, a healthcare-focused data provider, launched a secure cancer genome browser on Sunday, giving doctors the ability to access patients’ genetic data on the BlackBerry Passport smartphone.

Earlier this year, BlackBerry bought a minority stake in privately held NantHealth. The mobile technology company sees healthcare as one of the niche sectors in which it has an advantage, due to the heightened focus on patient privacy and BlackBerry’s vast networks that can manage and secure data on mobile devices.

Dec 4, 2014

Vale base metals IPO could prove to be a Bay Street bonanza

TORONTO, Dec 4 (Reuters) – Brazilian mining giant Vale’s
plan to sell a stake in its base metals unit through
a Toronto Stock Exchange listing could lead to the biggest IPO
in Canadian history and a windfall in fees on Bay Street.

Vale confirmed a Reuters report about the potential sale
this week, putting the size of the stake at 30 to 40 percent. It
said the unit may be worth $30 billion to $35 billion, including
the assumption of debt. The IPO could take place in the latter
half of 2015, if market conditions allowed.

Dec 2, 2014

Brazil’s Vale mulling IPO for part of base metals business – sources

VANCOUVER/TORONTO, Dec 1 (Reuters) – Brazil’s Vale SA
is considering listing part of its global base metals
business, two sources with knowledge of the matter said on
Monday, as the miner looks to fund capital projects amid a
collapse in iron ore prices.

The sources, who asked not to be named as they have not been
authorized to discuss the matter publicly, said the world’s top
iron ore producer is likely to retain a majority interest in the
new entity if it proceeds with the plan.

Dec 1, 2014

Intel acquires Canadian IT security firm PasswordBox

TORONTO (Reuters) – Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) said on Monday it has acquired PasswordBox, a Montreal-based identity management service that gives users a convenient way to log into websites and applications from any device without having to type or remember passwords.

The purchase price for the privately held Canadian start-up was not disclosed.

The Santa Clara, California-based chipmaker said PasswordBox will become part of the Safe Identity organization within Intel Security Group that is focused on simplifying and strengthening security by delivering ideas that reduce the pain of having to memorize dozens of passwords.

Nov 27, 2014

TransCanada adopts advance notice laws for director nominations

TORONTO, Nov 26 (Reuters) – TransCanada Corp, under
pressure from an activist hedge fund to overhaul its business,
said on Wednesday its board adopted new bylaws that require
advance notice of director nominations.

The company did not indicate if the move had anything to do
with pressure from activist fund Sandell Asset Management Corp.

Nov 24, 2014

Hudson’s Bay plans $1.25 billion debt refinancing, shares jump

TORONTO (Reuters) – Canada’s Hudson’s Bay Co (HBC.TO: Quote, Profile, Research, Stock Buzz) outlined a $1.25 billion refinancing plan Monday, in a move to reduce interest payments on debt it took on after it bought U.S. rival Saks last year, sending its shares up more than 9 percent in midday trading.

The department store operator said it would take out a 20-year mortgage on the ground portion of its flagship Saks Fifth Avenue store in New York City after an appraiser valued the property at C$4.1 billion ($3.65 billion), significantly more than it paid to buy all of Saks.

    • About Euan

      "Euan Rocha covers mining and minerals in Canada, where he focuses on gold, base metals and fertilizer companies. Euan, who is currently based in Toronto, has previously worked with Reuters in the United States and India. While based in New York for four years, Euan headed the Reuters Alerts team, before moving on to cover the U.S. chemical industry. Euan began his career with Reuters in Bangalore, India in 2004."
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