TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,954.75, up 103.43 points.)
Battle North Gold Corp. (TSX:BNAU). Materials. Up 78 cents, or 42.86 per cent, to $2.60 on 22.1 million shares.
Shaw Communications Inc. (TSX:SJR.B). Telecommunications. Up $9.95, or 41.63 per cent, to $33.85 on 20 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 30 cents, or 1.02 per cent, to $29.02 on 12.5 million shares.
Canadian Natural Resources (TSX:CNQ). Up 23 cents, or 0.57 per cent, to $40.43 on 10.9 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Down 58 cents, or 1.03 per cent, to $55.90 on 10.6 million shares.
Organigram Holdings Inc. (TSX:OGI). Down three cents, or 0.54 per cent, to $5.48 on 8.8 million shares.
Companies in the news:
Shaw Communications Inc. — Rogers Communications Inc. said Monday it will buy Shaw Communications Inc. in a deal that would combine Canada's two largest cable operations even as it's expected to face regulatory scrutiny over competition concerns in the wireless industry. Valued at $26 billion including debt, the proposed deal comes at a pivotal time for cable and phone companies. Although Shaw and Rogers aren't direct competitors in cable and internet because their networks are in different parts of the country, they have been fierce combatants in the wireless sector since Shaw bought the former Wind Mobile in 2016. Rogers chief executive Joe Natale told analysts in a morning conference call that it's too early to speculate on whether the competitors will be required to divest any of their operations before approval is granted from federal regulators, including the Competition Bureau.
RF Capital Group. (TSX:RCG). Up 19 cents, or 10.8 per cent, to $1.95. Canaccord Genuity Group Inc. has made a takeover offer for RF Capital Group worth about $367 million, a move that would combine two of the largest independent wealth management businesses in Canada. The firm says RF Capital's board dismissed the proposal earlier this month without reason and that representatives of Richardson Financial Group Ltd., which holds a 44 cent stake in RF Capital, rejected an invitation to discuss the offer. However, Canaccord Genuity CEO Dan Daviau says he believes the plan would provide superior value for RF Capital shareholders, and that Richardson Wealth investment advisers would benefit from the scale, stability and growth potential of his firm. Under the proposal, Canaccord Genuity is offering $2.30 per share in cash or Canaccord Genuity shares for each RF Capital share.
This report by The Canadian Press was first published March 15, 2021.
The Canadian Press
