TORONTO, April 3 (Reuters) – Bank of Nova Scotia
led investment banks in advising on mergers and acquisitions in
Canada and finished second in equity issues in a first quarter
that brought a rebound in overall activity in both categories
after a weaker 2013.
Driven by brisker activity in the energy and mining sectors,
the total value of M&A deals in the quarter rose by 20 percent
to US$35.7 billion from the first quarter of 2013, according to
data released by Thomson Reuters on Thursday.
TORONTO/VANCOUVER (Reuters) – Osisko Mining Corp (OSK.TO: Quote, Profile, Research, Stock Buzz) said on Wednesday that Yamana Gold Inc (YRI.TO: Quote, Profile, Research, Stock Buzz) would buy a 50 percent stake in its mining and exploration assets for C$930 million ($843 million), a deal that potentially thwarts a hostile bid from Goldcorp Inc (G.TO: Quote, Profile, Research, Stock Buzz).
The deal would give Latin America-focused Yamana its first major asset in Canada and make the Toronto-based miner an equal partner in the Osisko properties.
TORONTO, April 2 (Reuters) – Osisko Mining Corp
said on Wednesday that Yamana Gold Inc would buy a 50
percent stake in its mining and exploration assets for C$930
million ($843 million), a deal that potentially thwarts a
hostile bid from rival Goldcorp Inc.
The deal, which would give Latin America-focused Yamana its
first major asset in Canada, gives the Toronto-based miner an
equal partnership in all Osisko’s mining and exploration assets.
TORONTO (Reuters) – BlackBerry Ltd said it would not renew a deal allowing T-Mobile US Inc to sell its products, a gamble by the smartphone maker as it struggles to stabilize its business under an aggressive new chief executive officer.
The move comes just six weeks after a public spat between the two companies, as T-Mobile offered its customers the Apple iPhone 5s for free in February and touted the promotion as “great offer for BlackBerry customers.”
TORONTO, March 31 (Reuters) – Canadian miner Sherritt
International Corp on Monday urged its shareholders to
back its slate of nominees for the company’s board of directors
over a slate put forward by activist investor George Armoyan.
Sherritt filed its proxy circular on Monday, and in a letter
to investors Chairman Harold Stephen assailed Armoyan as someone
with no experience in Sherritt’s lines of business, and said
Armoyan has a poor track record on corporate governance matters
and no credible new ideas for creating value beyond what
management is already doing.
TORONTO (Reuters) – BlackBerry Ltd reported a smaller-than-expected loss on Friday as new chief executive John Chen slashed costs, but a 64 percent drop in revenue underscored the challenge Chen faces in turning around the struggling smartphone maker.
The Canadian company, which has lost most of the smartphone market to Apple Inc’s iPhone and gadgets powered by Google Inc’s Android operating system, has laid off thousands and agreed to sell most of its real estate.
TORONTO (Reuters) – BlackBerry Ltd reported a much smaller-than-expected quarterly loss on Friday, sending its shares up nearly 7 percent, even as its smartphone sales continued to slide.
The company said its net loss was $423 million, or 80 cents a share, for the fourth quarter ended March 1. That compared with a year-earlier profit of $98 million, or 19 cents a share.
TORONTO (Reuters) – BlackBerry Ltd plans to introduce high-end smartphones that cater to keyboard aficionados in the coming 18 months, in an effort to win back core corporate and government clients who have shunned the company’s touch-screen devices.
Chief Executive John Chen said in an interview that the company’s engineers have designed at least three different next-generation handsets that are being “kicked around right now.”
TORONTO/VANCOUVER (Reuters) – Goldcorp Inc (G.TO: Quote, Profile, Research, Stock Buzz) would rather walk away from its hostile bid for Osisko Mining Corp (OSK.TO: Quote, Profile, Research, Stock Buzz) than pay too much for its fellow Canadian gold miner, Goldcorp Chairman Ian Telfer said on Tuesday, although he did not rule out raising the bid.
Goldcorp, the world’s second biggest gold producer by market value, has several other growth opportunities, including the opening of two mines this year, and is doing “extremely well,” Telfer said.
TORONTO, March 25 (Reuters) – TMX Group Ltd, the
operator of the Toronto Stock Exchange and the TSX Venture
Exchange, said on Tuesday it plans to launch a new business to
allow capital raising and the trading of securities of privately
The move to launch the business appears to be a pre-emptive
gambit to thwart the threat posed by privately-held Aequitas
Innovations Inc, which is in the process of seeking regulatory
approval in order to launch a new Canadian stock exchange.