TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,578.30, down 90.87 points.)
Barrick Gold Corp. (TSX:ABX). Materials. Up 32 cents, or 1.54 per cent, to $21.16 on 15.3 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 15 cents, or 0.27 per cent, to $55.95 on 13.8 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 14 cents, or 0.36 per cent, to $39.22 on 12.5 million shares.
UEX Corp. (TSX:UEX). Materials. Unchanged at 48 cents on 7.6 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down four cents, or 0.18 per cent, to $21.95 on 6.5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down three cents, or 0.13 per cent, to $23.62 on 5.8 million shares.
Companies in the news:
Recipe Unlimited Corp. (TSX:RECP). Up $6.15, or 45.52 per cent, to $19.66. Fairfax Financial Holdings Ltd. has proposed taking Recipe Unlimited Corp. private in the latest phase for the almost 140-year-old restaurant company. The deal announced by Recipe Unlimited Tuesday puts a $1.2-billion value on Canada’s oldest and largest full-service restaurant chain, which counts Swiss Chalet, Harvey’s and The Keg among its roughly two dozen brands. Fairfax is already the controlling shareholder of Recipe Unlimited, owning 38.5 per cent of the equity interest as of the end of last year for about 61 per cent of the voting rights. The other major shareholder is Cara Holdings Ltd., the holding company of the Phelan family, which would continue as an investor in the company once it goes private.
BRP Inc. (TSX:DOO). Down 36 cents or 0.38 per cent to $95.11. BRP Inc. says it was targeted in a cyberattack that has forced it to temporarily suspend operations. The manufacturer of snowmobiles and other recreational vehicles says it took immediate measures to contain the “malicious cybersecurity activity” it detected on Monday. It says both its information technology staff and external cybersecurity experts are working to secure its system and support its internal investigation. The company did not say what, if any, information was compromised in the incident. It warned that the system suspension could delay transactions with customers and suppliers. BRP’s brands include Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and Can-Am vehicles.
MTY Food Group. (TSX:MTY). Up $2.33 or 3.99 per cent to $60.70. MTY Food Group Inc. has entered into a definitive merger agreement with BBQ Holdings Inc. The operator and franchisor of restaurants like Bâton Rouge Steakhouse and Bar, Big Smoke Burger and Manchu Wok will acquire all of the issued and outstanding common shares of BBQ Holdings for cash consideration of US$17.25 per share representing a total transaction value of approximately US$200 million, including BBQ Holdings’ net debt. MTY says upon completion of the transaction, BBQ Holdings will become a subsidiary of the company and its shares will be de-listed from Nasdaq. BBQ Holdings is a franchisor and operator of casual dining restaurants across 37 states in the U.S., Canada and United Arab Emirates. The terms and conditions of the agreement were unanimously approved by the boards of directors of both companies.
This report by The Canadian Press was first published Aug. 9, 2022.