Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 1.45 per cent, to $1.36 on 9.8 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Down $3.19, or 3.7 per cent, to $83.75 on 8.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down eight cents, or 0.28 per cent, to $28.86 on 6.7 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down seven cents, or 1.4 per cent, to $4.94 on 6.1 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up one cent, or 0.44 per cent, to $2.31 on 5.4 million shares.
Kinross Gold Corp. (TSX:K). Materials. Down 28 cents, or 3.47 per cent, to $7.79 on 5.2 million shares.
Companies in the news:
Canadian National Railway Co. (TSX:CNR). Down 24 cents to $132.07. A behind-the-scenes bidding war for Kansas City Southern took place over nine months before culminating in a blockbuster US$33.6-billion offer from Canadian National Railway Co., a newly released document reveals. According to a proxy circular, interest in the first U.S. railway merger in nearly 20 years was initiated last August by an investor consortium only identified as "Party A." The initial offer of more than US$21 billion or US$195 per share in cash was rejected by KCS but it launched a battle that also attracted interest from Canadian Pacific Railway Ltd. before CN sealed the deal in May. CN's cash and share offer is 60 per cent higher than the initial proposal that anticipated receiving all regulatory approvals within four to six months. The U.S. railway says a virtual special meeting will be held Aug. 19 where all common and non-cumulative preferred stockholders as of July 1 are eligible to vote. If approved by a majority of KCS outstanding voting shares and a key voting trust is sanctioned by the U.S. Surface Transportation Board, each common shareholder will receive US$200 in cash and 1.129 shares of CN stock, together valued at US$325, for each KCS stock. Preferred stockholders will receive US$37.50 cash for each share. The voting trust will allow KCS to remain independent and protect its financial health while a full review of the transaction is conducted, but allow shareholders to be paid without having to wait for a final decision on the deal.