TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (13,442.60 down 15.46 points):
Coastal Energy Company (TSX:CEN). Oil and gas. Up $4.03, or 27.21 per cent, at $18.84 on 28.54 million shares. Compania Espanola de Petroleos SA, the Abu Dhabi-owned oil refiner, has agreed to buy Coastal Energy for $2.3 billion, including the assumption of $51 million of net debt.
Patheon Inc. (TSX:PTI). Pharmaceutical services. Up $3.81, or 64.14 per cent, at $9.75 on 6.13 million shares. Dutch chemicals maker Royal DSM NV and private equity firm JLL are teaming up to buy Canada’s Patheon for $195 million.
Turquoise Hill Resources Ltd. (TSX:TRQ). Miner. Up 28 cents, or 6.60 per cent, at $4.52 on 6.08 million shares. The metals and mining sector shed 0.53 per cent to 772.65 points.
Bombardier Inc. (TSX:BBD.B). Plane and train maker. Up three cents, or 0.65 per cent, at $4.68 on 4.88 million shares. Iraqi Airways has signed a letter of intent to acquire five CS300 jetliners, which includes options on 11 additional CS300 aircraft, which could raise the deal’s total list value to US$1.26 billion.
Manulife Financial Corp. (TSX:MFC). Insurance. Up 12 cents, or 0.60 per cent, at $19.98 on 4.56 million shares.
Toronto Venture Exchange (923.47 up 1.68 points):
WesternZagros Resources Ltd. (TSXV:WZR). Oil and gas. Up three cents, or 3.33 per cent, at 93 cents on 4.09 million shares.
VentriPoint Diagnostics Ltd. (TSXV:VPT). Medical equipment. Up 1.5 cents, or 60 per cent, at four cents on 2.78 million shares.
Companies reporting major news:
Sears Canada Inc. (TSX:SCC). Retailer. Up $1.07, or 6.37 per cent, at $17.87 on 1.08 million shares. The struggling retailer will pay its shareholders an extraordinary dividend of $5 per share on Dec. 6 — an amount equal to about 30 per cent of the company’s recent stock price. Sears posted a huge third-quarter net loss compared with year ago due to severance and restructuring costs.