TORONTO — Some of the most active companies traded Mondayon the Toronto Stock Exchange:
Toronto Stock Exchange (20,260.13, up 40.94):
Manulife Financial Corp. (TSX:MFC). Financials. Down 17 cents, or 0.64 per cent, to $26.57 on 33.8 million shares.
Argonaut Gold Inc. (TSX:AR). Materials. Down 12 cents, or 20.91 per cent, to 44 cents on 12.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 17 cents, or 0.33 per cent, to $51.63 on 11.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 10 cents, or 0.22 per cent, to $46.32 on 11.1 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down six cents, or 0.28 per cent, to $21.71 on 9.5 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up eight cents, or 2.75 per cent, to $2.99 on 7.5 million shares.
Companies in the news:
Uni-Select Inc.(TSX:UNS). Up $6.69, or 16.61 per cent, to $46.97. LKQ Corp. has signed a deal to buy Quebec-based Uni-Select Inc. in a roughly $2.8-billion deal that aims to boost the U.S. automotive equipment supplier's aftermarket business amid a thriving market. Under the agreement, LKQ will pay $48 per Uni-Select share in cash for the aftermarket auto parts distributor. The purchase marks a 19.2 per cent premium over the $40.28 closing price of Uni-Select shares on the Toronto Stock Exchange on Friday. The transaction, which needs shareholder approval, also requires antitrust clearances in Canada, the U.S. and the U.K. and approval under the Investment Canada Act.
Canaccord Genuity Group Inc. (TSX:CF). Up nine cents, or 0.79 per cent, to $11.52. A special committee of independent directors at Canaccord Genuity Group Inc. says it will recommend shareholders do not accept a buyout offer by a management-led group of employees. The recommendation comes after an independent valuation prepared for the committee put the fair market value of the shares higher than the employee group's offer to take the company private. The review done by RBC put the fair market value of Canaccord shares in a range of $12.75 to $15.75 per share as of Feb. 15.
Toronto-Dominion Bank (TSX:TD). Down 56 cents, or 0.61 per cent, to $90.55. TD Bank Group said Monday it will pay US$1.2 billion to settle a lawsuit related to one of the largest Ponzi schemes ever orchestrated. The bank, along with several other financial institutions, was about to face trial in the case in Texas for its alleged role in the $7-billion scheme operated by the Stanford Financial Group. In agreeing to the settlement, TD denied any liability or wrongdoing and maintained that it acted properly at all times. The bank said it chose to settle the case to avoid the distraction and uncertainty of continuing a long legal proceeding.
This report by The Canadian Press was first published Feb. 27,2023.
The Canadian Press
