TORONTO, April 16 (Reuters) – Canada’s Osisko Mining Corp
said on Wednesday it has reached a deal to sell most of
its assets to Yamana Gold Inc and Agnico Eagle Mines
Ltd as it battles to thwart a hostile takeover bid from
Goldcorp Inc, one of the world’s biggest gold miners.
Osisko said the implied value of the new deal is C$8.15 a
share, an 11 percent premium to the implied value of a sweetened
offer that was announced by Goldcorp last week.
TORONTO (Reuters) – Johnson Controls Inc (JCI.N: Quote, Profile, Research, Stock Buzz) said on Wednesday it will acquire Air Distribution Technologies from Canada Pension Plan Investment Board (CPPIB) for $1.6 billion, in a move aimed at expanding its offerings in the ventilation products segment.
Milwaukee, Wisconsin-based Johnson Controls, which makes car interiors and batteries as well as heating, ventilation and cooling systems for buildings, said the acquisition reflects its commitment to invest in the buildings business as a growth platform.
TORONTO (Reuters) – BlackBerry Ltd said on Tuesday it bought a minority stake in privately held healthcare IT firm NantHealth, a move that offers a glimpse into the type of niche markets the smartphone maker is targeting as it attempts to engineer a turnaround.
Waterloo, Ontario-based BlackBerry, a pioneer in the smartphone industry, has fallen on hard times as its market share has waned in recent years. As the company attempts to stem losses and remain relevant it is now focused on expanding its services segment that caters to the needs of large clients like banks, law firms and government agencies, among others.
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.