Author: Canadian Press

TORONTO — Shipping and logistics company UPS has signed a deal to buy Andlauer Healthcare Group Inc. in a deal that values the company at about $2.2 billion.

AHG specializes in transportation and logistics for the health-care sector.

Under the agreement, UPS will pay $55.00 per share in cash for AHG’s multiple and subordinate voting shares.

AHG’s subordinate voting shares closed at $41.96 on the Toronto Stock Exchange on Wednesday.

The deal is backed by AHG chief executive Michael Andlauer, the indirect holder of 53.2 per cent of AHG’s outstanding shares and 82 per cent of the votes entitled to be cast to approve the transaction.

Once the deal closes, Andlauer, who is also the owner of the Ottawa Senators hockey team, is expected to lead UPS Canada Healthcare and AHG.

This report by The Canadian Press was first published April 24, 2025.

Companies in this story: (TSX:AND)

The Canadian Press

LEAMINGTON — Cannabis company Tilray Brands Inc. is proposing a reverse stock split for its shares.

Tilray chairman and chief executive Irwin Simon says the reverse split would better align Tilray’s number of shares outstanding with companies of its size and scope, while a higher price per share would ensure compliance with Nasdaq’s continued listing requirements.

The company also expects cost savings from the change, which would reduce the costs associated with its annual meeting.

It is asking its shareholders to approve a plan that would allow a reverse stock split of its common shares at a ratio ranging from 1-to-10 to 1-to-20.

The exact ratio would be determined by the Tilray board of directors if the plan is approved by a shareholder vote set for June 10.

Tilray shares closed down a penny at 66 cents on the Toronto Stock Exchange on Wednesday.

This report by The Canadian Press was first published April 17, 2025.

Companies in this story: (TSX:TLRY)

The Canadian Press

TORONTO — Shares in BlackBerry Ltd. fell nearly 10 per cent in early trading after it reported a net loss of US$7.4 million in its fourth quarter compared with a loss of US$56.2 million a year earlier.

Shares in the company were down 51 cents at C$4.84 in trading on the Toronto Stock Exchange shortly after the market opening.

BlackBerry, which keeps its books in U.S. dollars, says its loss amounted to a penny US per share for the quarter ended Feb. 28 compared with a loss of 10 cents US per share a year earlier.

Revenue for the quarter totalled US$141.7 million, down from US$152.9 million in the same quarter last year.

The drop came as secure communications revenue totalled US$67.3 million, down from US$71.6 million a year ago, while QNX revenue amounted to $65.8 million, down from $65.9 million. Licensing revenue was US$8.6 million, down from US$15.4 million in the same quarter last year.

BlackBerry says its adjusted net income for the quarter amounted to a profit of three cents US per share, the same as a year earlier.

This report by The Canadian Press was first published April 2, 2025.

Companies in this story: (TSX:BB)

The Canadian Press