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TSX Stock News

Canada
Newsfile

eShippers Management Ltd. Enters into Letter Agreement for Reverse Take-over Transaction

Breadcrumb Trail Links Newsfile Author of the article:   Article content Vancouver, British Columbia–(Newsfile Corp. – May 11, 2021) – eShippers Management Ltd. (TSXV: EPX.H) (“eShippers“) wishes to announce it has entered into a letter agreement dated effective May 10, 2021 (the “Agreement“) with ISON Mining Pte Ltd. (“ISON“) for an arm’s length ‎reverse take-over of eShippers (the “RTO“) through eShippers acquiring all of the outstanding shares of ISON from the shareholders of ISON in exchange for common shares of eShippers (the “Common Shares“). About ISON ISON is a private company existing under the laws of Singapore. ISON is the

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Canada
admin

Canada's Paper Excellence announces deal to buy Domtar Corp. in US$3B deal

Paper Excellence is expanding into the U.S. with a deal to buy Domtar Corp. in an agreement with an enterprise value of about US$3 billion. The Richmond, B.C.-based company will pay US$55 per Domtar share in cash, a 37 per cent premium from May 3 when a media report disclosed a possible transaction. “This marks a major step in our global strategy of identifying well-positioned assets and positioning them for growth,” said Joe Ragan, Paper Excellence’s global chief financial officer. “We are enthusiastic about entering the American market as we continually improve Paper Excellence’s ability to serve its expanding blue-chip

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Canada
Sasha Planting and Ray Mahlaka

BUSINESS MAVERICK: Will Adapt IT suitors jump ship following allegations about the CEO?

Adapt IT CEO Sbu Shabalala. (Photo: Supplied) The allegations concerning Adapt IT CEO Sbu Shabalala may be enough to scare off the firm’s suitors. But both are legally bound to the deal. The board of software company Adapt IT has gone into damage control mode and granted its CEO Sbu Shabalala a three-month leave of absence after damaging allegations were published about him in a weekend newspaper.  The Sunday Times revealed that Shabalala’s former wife Neo has been granted an order restraining her ex-husband from entering their former home in Zimbali, in which she now lives. This was after she

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Canada
Staff

Paper Excellence signs deal to buy Montreal’s Domtar for US$3B

By Staff The Canadian Press Posted May 11, 2021 11:43 am     Updated May 11, 2021 11:53 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Paper Excellence has signed a deal to buy Domtar Corp. in a deal with an enterprise value of about US$3 billion. Under the agreement, the Richmond, B.C.-based company has agreed to pay US$55 per Domtar share in cash. Paper Excellence, a global diversified manufacturer of pulp and specialty, printing, writing, and packaging papers, operates seven mills in Canada producing and shipping over 2.8 million tonnes of product

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Canada
admin

Canada’s Paper Excellence announces deal to buy Domtar Corp. in US$3B deal

MONTREAL — Paper Excellence has signed a deal to buy Domtar Corp. in a deal with an enterprise value of about US$3 billion. Under the agreement, the Richmond, B.C.-based company has agreed to pay US$55 per Domtar share in cash. Paper Excellence, a global diversified manufacturer of pulp and specialty, printing, writing, and packaging papers, operates seven mills in Canada producing and shipping over 2.8 million tonnes of product annually with a workforce of more than 2,800. The companies say Paper Excellence intends to continue the operations of Domtar as a stand-alone entity.  They say Domtar will continue to be

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Canada
Editor OilPrice.com

Is This The Beginning Of The End Of Naked Short Selling In Canada?

Finally, after years of watching dubious short-sellers manipulate stocks and destroy companies, Canadian regulators are ready to do something about it, and unscrupulous short-sellers who have been living lives of obnoxious luxury paid for by ordinary shareholders have every reason to worry. The only question now is whether the Canadian regulators have the teeth to follow through. The first move came in January 2021, when the Ontario Capital Markets Modernization Task Force recommended a new prohibition against “misleading or untrue statements” about public companies. Why? Because Canadian markets are being threatened severely by “short and distort” and “pump and dump”

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Canada
admin

Just Kitchen poised for IPO in New York

Just Kitchen poised for IPO in New York Judy Lin, Taipei; Adam Hwang, DIGITIMES Tuesday 11 May 2021 Just Kitchen Holdings, a Taiwan-based startup provider of meal/food delivery services, will undertake IPO on New York’s OTC Markets in late May, according to company co-founder and CEO Jason Chen. Just Kitchen, founded in June 2019, completed listing on the Toronto Stock Exchange and DAX of the Frankfurt Stock Exchange in April 2021 and will go public in New York later this month, Chen said. Just Kitchen’s business model is to set up central and satellite kitchens and cooperate with restaurant chains,

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Canada
Faye Stephens

WELL’s Börse Express – CRH Medical announced its acquisition of New England Anesthesia Associates

– CRH Medical afromP. “CRH”, Full subsidiary company good healthAnd the Includes acquisition of a stake in 85 % a New Britain Anesthesia Associates LLC (“NEAA“) from. – NEAAs Streams estimateds Total profit on yearly basis is around 3,6 Million US Dollars Employment EBITDA(1)Margins are rounded accordingly 40 %That is generally consistent with similar acquisitions from CRH. – This is a very valuable acquisition CRHs Its fourth acquisition so far in 2021. The company is also in Connecticut Actress, making his mark on 16 States across the United States. – The acquisition adds 17 healthcare providers to the CRH team.

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Canada
admin

TSX futures rise as gold, oil prices gain

* The Toronto Stock Exchange’s TSX falls 0.57 percent to 19,361.88  * Leading the index were Labrador Iron Ore Royalty Corp , up 4.1%, George Weston Ltd​, up 2.6%, and Westshore Terminals Investment Corp​, higher by 2.3%. * Lagging shares were Village Farms International Inc​​, down 25.1%, Westport Fuel Systems Inc​, down 16.2%, and OrganiGram Holdings Inc​, lower by 9.5%. * On the TSX 76 issues rose and 150 fell as a 0.5-to-1 ratio favored decliners. There were 47 new highs and 2 new lows, with total volume of 272.6 million shares. * The most heavily traded shares by volume were Manulife Financial Corp, Enbridge Inc and Suncor Energy Inc. * The TSX’s energy group fell 1.53 points, or 1.2%, while the financials sector slipped 0.29 points, or 0.1%. * West Texas

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Canada
admin

10 Best TSX Stocks to Buy Right Now

In this article, we will take a look at the 10 best TSX stocks to buy right now. You can skip our comprehensive analysis of these stocks and go directly to the 5 Best TSX Stocks to Buy Right Now. The Canadian stock market has recovered from the COVID-19 pandemic quicker and better than the American counterparts in New York. On May 6, the S&P/TSX Composite Index, the benchmark that represents more than 70% of the total market capitalization on the Toronto Stock Exchange (TSX), closed at 19,310.74 points, up more than 120 points, and hit an intraday high of

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