Author: Canadian Press

MONTREAL — Fintech company Nuvei Corp. says it has completed its previously announced plan to go private.

Shareholders of Montreal-based Nuvei voted in June in favour of a plan to have the company bought by an American private equity firm and taken private.

The deal was valued at US$6.3-billion.

As a result of the completion of the transaction, Nuvei said it expects its shares to be de-listed from the Toronto Stock Exchange on or about Nov. 18 and from the Nasdaq Global Select Market on or about Nov. 25.

The company has applied to cease to be a reporting issuer under Canadian securities laws in all Canadian jurisdictions.

Nuvei founder and CEO Philip Fayer will continue to be one of the largest shareholders in the company and will continue to serve as Nuvei’s board chair and CEO.

This report by The Canadian Press was first published Nov. 15, 2024.

Companies in this story: (TSX:NVEI)

The Canadian Press

TORONTO — Shares of Aecon Group Inc. were up more than 10 per cent after it reported a third-quarter profit that fell compared with a year ago, but topped expectations.

The company reported a third-quarter profit of $56.5 million or 85 cents per diluted share for the quarter ended Sept. 30, down from a profit of $133.4 million or $1.63 per diluted share a year earlier.

Revenue for the quarter totalled $1.28 billion, up from $1.24 billion in the same quarter last year.

On an adjusted basis, Aecon says it earned 86 cents per diluted share, down from an adjusted profit of $1.63 per share a year ago.

The average analyst estimate had been for a profit of 78 cents per share and $1.25 billion in revenue for the quarter, to according to LSEG Data & Analytics.

Aecon shares were up $3.16 or nearly 14 per cent at $26.35 in afternoon trading on the Toronto Stock Exchange.

This report by The Canadian Press was first published Nov. 1, 2024.

Companies in this story: (TSX:ARE)

The Canadian Press

TORONTO — TMX Group Ltd. says it earned $82.7 million in its third quarter, slightly down from $85.3 million a year earlier.

Revenue for the company that operates the Toronto Stock Exchange totalled $353.8 million.

That’s up 23 per cent from $287.3 million during the same quarter last year.

Diluted earnings per share were 30 cents, down from 31 cents a year earlier.

CEO John McKenzie says the company has delivered three consecutive quarters of organic revenue growth.

He says positive momentum in high-growth areas of the business coupled with strong performance in more traditional markets were partially offset by challenging capital-raising conditions.

This report by The Canadian Press was first published Oct. 30, 2024.

Companies in this story: (TSX:X)

The Canadian Press