Author: The Canadian Press

Couche-Tard restarts share buybacks after ending takeover bid for 7-Eleven owner

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Laval, Que.-based Couche-Tard says the Toronto Stock Exchange had approved its program to buy back up to 10 per cent of outstanding shares that, based on its current price, represents about $5.8 billion in shares.

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The company says the potential repurchasing of about 77.1 million shares is an appropriate use of its cash and an efficient way to create long-term shareholder value.

Couche-Tard had been keeping funds on-hand as it tried for more than a year to land a friendly takeover of Japan-based Seven & i Holdings Co. Ltd. in a deal that could have been worth more than $60 billion.

The company said last Wednesday it had withdrawn its proposal, citing a lack of constructive engagement from Seven & i.

Seven & i said it had engaged in good-faith discussions, but had also expressed concerns about antitrust hurdles and the broad shifts in the global economy that would challenge the prospects of any deal.

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Royal Gold to acquire Sandstorm Gold and Horizon Copper in a pair of deals

VANCOUVER — Royal Gold Inc. announced friendly agreements to acquire Sandstorm Gold Ltd. and Horizon Copper Corp. in a pair of deals worth a total of over $5 billion.

The Denver-based company says the acquisitions will help reinforce its position as a North American gold-focused streaming and royalty company.

Royal Gold chief executive Bill Heissenbuttel says the deals will create a global portfolio of precious metals interests that is unmatched in terms of asset diversification, development and organic growth potential.

Under the deal with Vancouver-based Sandstorm, Royal Gold will issue 0.0625 of a Royal Gold share for each Sandstorm share.

The company says the offer worth about $4.8 billion represents a 17 per cent premium to the closing price for Sandstorm shares on the New York Stock Exchange on July 3.

The deal for Vancouver-based Horizon will see Royal Gold pay $2 per share in cash for the Horizon shares, representing a 72 per cent premium to the closing price of the Horizon shares on the TSX Venture Exchange on July 4.

This report by The Canadian Press was first published July 7, 2025.

Companies in this story: (TSX:SSL, TSXV:HCU)

The Canadian Press

Bombardier shares up after deal for 50 jets valued at US$1.7B

MONTREAL – Shares in Bombardier Inc. were up more than 10 per cent in early trading after announcing a firm order for 50 of its Challenger and Global aircraft combined with a services agreement.

The company valued the deal with the unidentified buyer at a total of US$1.7 billion.

Aircraft deliveries are expected to begin in 2027.


Bombardier employees work on an aircraft in Dorval, Que., on Monday, April 14, 2025.  THE CANADIAN PRESS/Christinne Muschi
Bombardier employees work on an aircraft in Dorval, Que., on Monday, April 14, 2025. THE CANADIAN PRESS/Christinne Muschi

Bombardier also says the buyer, a first-time Bombardier customer, will hold 70 new aircraft purchase options. 

The company says if all the purchase options are exercised, the combined aircraft and service agreements’ value would top US$4 billion.

Bombardier shares were up C$15.27 at C$133.91 in trading on the Toronto Stock Exchange.

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

Companies in this story: (TSX:BBD.B)

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