Our previous Canadian Mergers & Acquisitions roundups can be found here. Our previous global M&A roundups can be found here. Target: Polaris Materials Corporation (TSX:PLS) Industry: Basic Materials - Construction Materials Acquirer: Unknown US Buyer Target: Polaris Materials Corporation Size: $301 million Consideration: 100% Cash Source of Funds: Not Disclosed Sell Side Advisors: Canaccord Genuity Corp.
Top TSX Weekly Gainers (Week of September 8, 2017) Centerra Gold Inc (TSX:CG, Chg:17.2%) Industry: Metals & Mining - Gold The political tension between the Kyrgyzstan government and CG, the majority-owner and operator of the largest gold mine (Kumtor) in Kyrgyz Republic, has been high. For more than two years, CG and the
Our previous Canadian Mergers & Acquisitions roundups can be found here. Our previous global M&A roundups can be found here. Target: Hewitt Equipment Limited Industry: Industrials - Capital Goods Dealers Acquirer: Toromont Industries Ltd. (TSX:TIH) Target: Hewitt Equipment Limited Size: $1 billion Consideration: 88.5% Cash, 11.5% Equity Source of Funds: Debt,
Top TSX Weekly Gainers Polaris Materials Corp (TSX:PLS, Chg:183.3%) Industry: Basic Materials Vulcan Materials, a $16bn construction aggregates and concrete producer agreed to acquire PLS for $2.79/share in cash, valuing PLS equity at about $252mm. PLS closed last Friday at $0.96. Prometic Life Sciences Inc (TSX:PLI, Chg:25.8%) Industry: Healthcare On August 29, 2017 PLI announced that
Basic Materials Sector Overview Basic Materials or Materials is the sector that covers companies involved with exploration, development, processing and distribution of raw materials. Major subsectors within Materials include Metals & Mining (which in certain banks has its own coverage group), Steel, Petrochemicals or Chemicals, Forestry/Pulp & Paper Products, and Agriculture &
Top Gainers Westport Fuel Systems Inc (TSX:WPRT, Chg:24.2%) WPRT posted a solid quarter validating that the operation is improving and the merger with Fuel System Solutions was the right strategic move. WPRT is ahead of schedule in realizing cost and operational synergies from the acquisition. Management is guiding positive adjusted EBITDA in