Dazman/E+ via Getty Images Rio Tinto (NYSE:RIO) is studying detailed proposals for potential takeover targets, and has approached banks about financing a deal for Teck Resources (TECK), Sky News reported Friday. Rio (RIO) has drawn up a list of potential takeover targets in the wake of BHP’s failed bid forContinue Reading
International Petroleum (TSX:IPCO:CA) on Monday said it has repurchased a total of 258,760 IPC common shares during the period of July 1 to 5, under its normal course issuer bid/ share repurchase program (NCIB). During the period of July 1 to 5, IPC repurchased a total of 200,000 IPC commonContinue Reading
Lithium Royalty (TSX:LIRC:CA) said the Toronto Stock Exchange has accepted a notice filed by LRC of its intention to renew its existing normal course issuer bid that expires July 9. The company may during the 12-month period commencing July 10 and terminating July 9, 2025, buy up to 1.25M ofContinue Reading
skynesher/E+ via Getty Images Psyence Biomedical (NASDAQ:PBM) said Wednesday it received a letter from Nasdaq for not meeting the minimum bid price of $1.00 per share required for continued listing. Psyence Biomedical (PBM) has 180 calendar days, or until December 24, 2024 to regain compliance with the Minimum Bid Price Rule. Source: Press Release MoreContinue Reading
Neilson Barnard/Getty Images Entertainment Carl Icahn-controlled CVR Energy (NYSE:CVI) has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum, Reuters reported Tuesday. A U.S. court in Delaware is auctioning the shares to pay creditors that have $21.3B in claims against Venezuela’s governmentContinue Reading
JHVEPhoto/iStock Editorial via Getty Images A bankruptcy court in the U.S. has cleared a restructuring plan forwarded by Rite Aid (OTC:RADCQ) to avoid liquidation and cut its debt by $2B in exchange for handing its control to a group of lenders. At a court hearing in Trenton, New Jersey, onContinue Reading
seb_ra A group of plaintiffs, who allege that Johnson & Johnson’s (NYSE:JNJ) talc-based baby powder caused their cancers, has lost their bid to block the company’s latest effort to use bankruptcy to resolve similar claims after a federal judge rejected their motion. U.S. District Judge Michael Shipp delivered the rulingContinue Reading
Mobilicom (NASDAQ:MOB) on Friday announced it has received a notification of non-compliance from Nasdaq of not meeting the minimum bid price requirement for continued listing on the exchange. The closing bid price for the company’s American Depositary Shares listed on the Nasdaq was below USD $1.00 for 30 consecutive tradingContinue Reading
JazzIRT/E+ via Getty Images Medical Properties Trust (NYSE:MPW) fell 6% amid reports that UnitedHealth’s (UNH) Optum has dropped a bid for Steward Health’s physician group. Optum isn’t going forward with an offer to purchase Steward’s physician group, according to reports from the Boston Globe. ModernHealthcare and the Boston Business JournalContinue Reading
Andlauer Healthcare (TSX:AND:CA) said the Toronto Stock Exchange has approved its notice of intention to make a normal course issuer bid for a portion of its subordinate voting shares. The company said there were 18.7M shares outstanding as at June 26, and under the notice the firm is authorized toContinue Reading
