TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,157.29 up 20.11 points):
Primaris Retail Real Estate Investment Trust (TSX:PMZ.UN). Retail property owner. Up $3.36, or 14.58 per cent, at $26.40 on 11,119,021 shares. A group led by KingSett Capital and the Ontario Pension Board has launched a $4.4-billion takeover offer for Primaris, one of Canada’s largest shopping mall owners. The offer is worth $26 in cash per Primaris unit.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down five cents, or 1.50 per cent, at $3.28 on 5,824,737 shares. Its rail-equipment workers in Quebec were set to vote Wednesday night on a conciliator’s recommendation for a new collective agreement that would end the nearly five-week strike.
Research In Motion Ltd. (TSX:RIM). Wireless telecommunications. Up 34 cents, or 2.96 per cent, at $11.84 on 5,594,730 shares.
PMI Gold Corp. (TSX:PMV). Miner. Up nine cents, or 12.16 per cent, at 83 cents on 5,214,128 shares. The Vancouver-based company is merging with Keegan Resources Inc. (TSX:KGN) and will operate under the name Asanko Gold Inc.
Gran Tierra Energy Inc. (TSX:GTE). Oil and gas. Up eight cents, or 1.44 per cent, at $5.63 on 4,634,805 shares.
Grandview Gold Inc. (TSX:GVX). Mineral explorer. Unchanged at half a cent on 4,277,900 shares.
TSX Venture Exchange (1,184.54 down 8.32 points):
PetroFrontier Corp. (TSXV:PFC). Oil and gas. Down 19.5 cents, or 63.93 per cent, at 11 cents on 14,612,425 shares.
TransGaming Inc. (TSXV:TNG). Electronic entertainment. Up 2.5 cents, or 45.45 per cent, at eight cents on 3,882,086 shares.
Companies reporting major news:
Laurentian Bank (TSX:LB). Bank. Down $1.19, or 2.60 per cent, at $44.56 on 275,827 shares. The company is boosting its dividend for the fourth time in less than two years after the Montreal-based bank’s profits surged 71 per cent in the fourth quarter due in part to acquisitions.
RioCan Real Estate Investment Trust (TSX:REI.UN). Retail real estate. Up 34 cents, or 1.26 per cent, at $27.30 on 521,051 shares. The Toronto-based company has conditionally agreed to buy five regional malls and three other shopping centres currently owned by Primaris. RioCan values that part of the Primaris portfolio at $1.1 billion.