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Stock news for investors: Spinoffs, acquisitions, and market moves
MoneySenseยท2025-10-02 16:59

Group 1: Maple Leaf Foods and Canada Packers - Maple Leaf Foods retains a 16% stake in Canada Packers and has established an evergreen supply agreement, with Canada Packers serving as an anchor customer for Maple Leaf's prepared meats business [1] - Michael McCain, executive chair of both companies, emphasizes that they will operate as independent entities with distinct investment profiles and experienced teams [2] Group 2: TMX Group and Verity Acquisition - TMX Group has acquired U.S.-based data and analytics provider Verity, although financial terms of the agreement were not disclosed [3] - Verity offers two main products: VerityRMS, a research management system, and VerityData, which provides enhanced data sets focused on public equity filings [3][4] - The acquisition is expected to strengthen TMX Group's ability to serve a growing global client base [4] Group 3: MEG Energy and Cenovus Offer - MEG Energy reports that Glass Lewis has recommended its shareholders support the takeover offer from Cenovus Energy, following a similar recommendation from Institutional Shareholder Services [8][9] - The Cenovus offer requires a two-thirds majority vote from MEG shareholders, with the vote scheduled for October 9 [9] - Strathcona Resources intends to vote against the Cenovus deal, holding a 14.2% interest in MEG [9][10] Group 4: Stella-Jones Acquisition of Brooks Manufacturing - Stella-Jones has signed a deal to acquire Brooks Manufacturing for US$140 million, enhancing its product offerings in treated wood distribution [11][12] - The acquisition aligns with Stella-Jones' strategic focus on meeting the growing demand from utilities and expanding its infrastructure segment [12][13] - Brooks' sales for 2024 are projected to be approximately US$84 million, and the deal is subject to regulatory approval [12][13]