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CP Rail to buy back 1.3M shares at a discount under private agreement
– canadianbusiness.com
CALGARY – Canadian Pacific Railway Limited (TSX:CP) intends to buy back, at a discount, 1.3 million of the company common shares under private agreements with an arm’s-length third-party seller.
CP says the buyback will be made in accordance with an issuer bid exemption order issued Friday by the Ontario Securities Commission.
“The price CP will pay for the common shares purchased by way of the private agreements will be at a discount to the prevailing market price of CP common shares on the Toronto Stock Exchange at the time of purchase,” CP said in a release after markets closed.
Under the order, the purchase can be made in several transactions prior to March 16, 2015.
The railway says the buyback of shares for cancellation will be counted towards CP’s share purchase program announced earlier this month for up to 5,270,374 shares.
On the Toronto Stock Exchange, CP shares closed up 95 cents at $163.66 on Friday.
The post CP Rail to buy back 1.3M shares at a discount under private agreement appeared first on Canadian Business.
CP says the buyback will be made in accordance with an issuer bid exemption order issued Friday by the Ontario Securities Commission.
“The price CP will pay for the common shares purchased by way of the private agreements will be at a discount to the prevailing market price of CP common shares on the Toronto Stock Exchange at the time of purchase,” CP said in a release after markets closed.
Under the order, the purchase can be made in several transactions prior to March 16, 2015.
The railway says the buyback of shares for cancellation will be counted towards CP’s share purchase program announced earlier this month for up to 5,270,374 shares.
On the Toronto Stock Exchange, CP shares closed up 95 cents at $163.66 on Friday.
The post CP Rail to buy back 1.3M shares at a discount under private agreement appeared first on Canadian Business.
PwC is sued for $1-billion over MF Global collapse
– theglobeandmail.com
Complaint said PwC knew that the investment would add significant risk to MF Global’s already weak finances
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Canadian Firm Raises $716 Million for New Mining Fund
– blogs.wsj.com
Canadian private-equity firm Waterton Global Resource Management has raised $716 million for a fund to invest in mining assets, according to a securities filing this week.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
