MTY Food Group growing beyond the food court with deal to buy Imvescor for $248M

MTY Food Group growing beyond the food court with deal to buy Imvescor for $248M
MONTREAL — MTY Food Group Inc. is growing beyond the shopping mall food court with a $248-million stock-and-cash deal to buy Imvescor Restaurant Group Inc. and its full-service restaurant and grocery products businesses. The friendly deal will bring together such MTY banners as Thai Express, Vanellis and Manchu Wok with Imvescor’s Baton Rouge, Pizza Delight and Scores restaurants to create... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,103.51, up 7.44 points) Pure Technologies Ltd. (TSX:PUR). Technology. Up $4.47, or 100.68 per cent, to $8.91 on 13.2 million shares. The Calgary-based water pipeline technology and inspection company says it has agreed to be sold for more than half a billion dollars to New York-based Xylem Inc.... Read More

Onex Corp. to buy venue manager SMG Holdings for undisclosed price

Onex Corp. to buy venue manager SMG Holdings for undisclosed price
TORONTO — Onex Corp. (TSX:OCX) says it has agreed to acquire a U.S. company that manages hundreds of sports, entertainment and business venues including Soldier Field, home to the NFL’s Chicago Bears. The Toronto-based private equity company didn’t disclose how much it will pay for privately held SMG Holdings Inc., in partnership with its existing management team. The deal is... Read More

Calgary-based water pipeline company accepts $509M offer from New York partner

Calgary-based water pipeline company accepts $509M offer from New York partner
CALGARY — A Calgary-based water pipeline technology and inspection company says it has agreed to be sold for more than half a billion dollars to New York-based Xylem Inc. Pure Technologies Ltd. says the offering price of $9 per share or $509 million in cash is more than double its closing share price last Friday. The stock rose to $8.93 on Monday morning. Xylem CEO... Read More

SNC-Lavalin reaches agreement to repay Quebec municipalities for contracts

SNC-Lavalin reaches agreement to repay Quebec municipalities for contracts
MONTREAL — Engineering giant SNC-Lavalin has reached agreement to pay restitution to seven Quebec municipalities for obtaining contracts through questionable means. Neil Bruce, CEO of the Montreal-based engineering and construction firm, says the settlements under the province’s voluntary reimbursement program are “final and fair.” The provincial government launched the program in November 2015 aimed at recovering money paid in connection with... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,096.07, up 80.39 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 41 cents, or 6.14 per cent, to $7.09 on 13.9 million shares. Canopy Growth Corp. (TSX:WEED). Health care. Up $1.17, or 6.41 per cent, to $19.42 on 5.3 million shares. Valeant Pharmaceuticals International Inc. (TSX:VRX). Pharmaceutical. Up $2.68, or... Read More

Aecon Group wins two regulator approvals for $1.5 billion sale to Chinese buyer

Aecon Group wins two regulator approvals for $1.5 billion sale to Chinese buyer
CALGARY — Construction company Aecon Group Inc. says it has received two regulatory permissions needed for it to be sold to a Chinese state-owned company for $1.5 billion. The deal with CCCC International Holding Ltd., however, still faces a review under the Investment Canada Act. Aecon (TSX: ARE) says it has received a “no action” letter granting approval under the Canadian Competition Act and... Read More

DavidsTea evaluating options, including sale, just two years after going public

DavidsTea evaluating options, including sale, just two years after going public
MONTREAL — Canadian beverage retailer DavidsTea is evaluating its strategic options more than two years after it went public and soon after rival Teavana shut its doors. The Montreal-based company announced the move Thursday while reporting weaker than expected third-quarter results. DavidsTea (NASDAQ:DTEA) says its losses surged 30 per cent to $6.5 million from $5 million a year ago. That... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,015.68, up 106.90 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 32 cents, or 4.57 per cent, to $6.68 on 21.3 million shares. Precision Drilling Corp. (TSX:PD). Oil and gas. Up five cents, or 1.48 per cent, to $3.42 on 6.1 million shares. Crescent Point Energy (TSX:CPG). Oil and gas. Up... Read More

U.S. agency rules against Canada; says softwood imports harm American industry

U.S. agency rules against Canada; says softwood imports harm American industry
Canada’s softwood lumber industry suffered another blow after the U.S. International Trade Commission unanimously voted Thursday that its imports have harmed the American lumber industry. In a 4-0 vote, the agency sided with the U.S. lumber coalition. The U.S. Commerce Department last month lowered preliminary duties. Most Canadian producers will pay a combined countervailing and anti-dumping rate of 20.83 per cent, down from... Read More