Oil sands company puts itself on the block
Opti Canada (TSX: T.OPC) shares rallied 8.95% to $2.06 in Wednesday trading. The company announced Tuesday after the close that it was “considering strategic alternatives for enhancing shareholder value” – the often-used shorthand when a company is putting itself up for sale or merger. In a press release, Opti said it does not believe its share [...]
Vasogen (VAS) climbs on merger news
Ontario-based Vasogen (TSX: T.VAS) announced Monday that it has entered into a definitive agreement to combine with privately-held specialty pharmaceutical company IntelliPharmaCeutics.
Firstgold shares tumble; considering sale, merger
Shares of Firstgold Corp. (TSX: T.FGD, Stock Forum) plunged more than 37% to 11.5 cents after the company announced Thursday that it was considering options, including the sale or merger of the company, after two lenders declared it in default of debt covenants.
