Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,935.44, down 206.33 points).
Enbridge Inc. (TSX:ENB). Energy. Up three cents, or 0.07 per cent, to $41.92, on 21.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down five cents, or 2.55 per cent to $1.91 on 19.9 million shares.
Manulife Financial Corp. (TSX:MFC). Down 83 cents, or 4.27 per cent, to $18.62 on 19 million shares.
Kinross Gold Corp. (TSX:K). Gold. Up one cent, or 0.24 per cent, to $4.22 on 18.9 million shares.
Trican Well Service Ltd. (TSX:TCW). Energy. Down two cents, or 1.9 per cent, to $1.03 on 16.2 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 81 cents or 2.5 per cent, to $31.59 on 13.6 million shares.
Companies reporting major news:
The Stars Group Inc. (TSX:TSGI). Up $1.51 or 7.25 per cent to $22.34. Shares of the online gaming company surged Friday after it announced that the Kentucky Court of Appeals has reversed a US$870-million lower court ruling against the online gaming company. It says Kentucky residents had sued PokerStars in 2010, about four years before The Stars Group bought the site, for gambling losses under a centuries-old statue. The Stars Group says it plans to seek the release of a US$100-million bond posted during the appeals process.
Bombardier Inc. — Mitsubishi Aircraft Corp. is seeking the dismissal of a lawsuit by Bombardier Inc., calling the allegations of trade secret misappropriations “baseless and without merit.” The Japanese jet maker filed a motion to dismiss Bombardier’s case in a U.S. federal court in Seattle, saying the lawsuit aims to “disrupt development” of a rival jet. Bombardier sued Mitsubishi in October over allegations that some of the Quebec company’s former employees passed on documents containing trade secrets to Mitsubishi before going to work for the company.
MEG Energy Corp. (TSX:MEG). Down 34 cents, or 4.38 per cent to $7.43. MEG Energy says it will waive its shareholder rights plan in its fight against a hostile takeover offer by Husky Energy Inc. However, the company says it continues to unanimously recommend shareholders reject Husky’s cash-and-share offer. MEG noted that since Husky announced its intention to make its offer on Sept. 30, Husky’s share price has fallen more than 30 per cent, eroding the value of the offer. The takeover was worth about $3.3 billion when proposed in September but has fallen to less than $2.5 billion because of deterioration in Husky’s share price.
The Canadian Press