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Shareholders of RONA gather in Montreal Thursday to vote on the $3.2 billion takeover by Lowe’s. For common shareholders, the problem seems a no-brainer. There isn’t any real alternative to tendering to the $24 a share offer, a cost that represents a proper premium to the shares’ recent trading price. And the prices are almost $10 higher than the sale ...

Canadian energy stocks look more appealing than their U.S. peers on a valuation basis, but Macquarie Scientific studies are finding better opportunities in natural gas-weighted names. Analyst Brian Bagnell noted the median estimated EV/DACF valuation according to oil and gas futures strip prices has climbed to 13.6x within the U.S., while Canadian names are trading at 12.1x. A look into ...

TORONTO – So long as Sears Canada has viable property to sell – and management is able to keep shaving costs – the struggling retailer will likely stay alive despite posting many years of declining sales and substantial operating losses. That’s the view of the new report from Desjardins Securities, which notes the department store’s management is not in a ...

As Robert Giustra sees it, the management team at Eastmain Resources Inc. is so entrenched there wasn’t any reason to even attempt a friendly method of the organization. “The overwhelming consensus was that many others have tried and been averted, there was no point,” the chairman and leader of Columbus Gold Corp. said in an interview. Columbus launched a proxy ...

Andrew Caspersen, the banker accused of stealing $25 million, appeared to get it all, at least in writing. Scion of a family that built and sold a finance company for billions, Caspersen went from Princeton University to Harvard School, where students can read rare books in the Caspersen Room or study within the Caspersen Student Center. Until Monday, he was ...

To settle a fight with the Competition Bureau of Canada, Parkland Fuel Corp. will have to sell off assets in Ontario and Manitoba. Parkland, a Red Deer, Alta.-based gasoline retailer, announced after markets closed Tuesday it had reached funds using the Bureau, requiring the company to sell a fill-up station in Kapuskasing, Ont. and either divest or terminate fuel supply ...

WASHINGTON – The U.S. Federal Trade Commission sued against Volkswagen AG for falsely advertising that thousands and thousands of its diesel vehicles were eco-friendly, when the German automaker knew these were actually emitting excess pollution. The FTC filed suit in U.S. District Court in San Francisco, stating that U.S. consumers suffered “billions of dollars in injury” because of VW’s deception. ...

The reaction was straightforward: why not here and why there. We are talking about the current presentation by Israel-based Trendlines Group to some number of clients from the Horwood Team, which is a part of Richardson GMP. In 2014 that company C a seed-stage incubator that concentrates on medical and agricultural technology C tried to go public in Canada, but ...