|Page (1) of 1 - 01/17/13||email article||print page|
TSX Top Traders: (TOG), (PMZ-UN), (HR-UN), (ELR)(January 17, 2013)
TSX Top Traders: (TOG), (PMZ-UN), (HR-UN), (ELR)
New York, New York - January 17, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top traders on the TSX for January 17th, 2013.
Torc Oil and Gas Ltd., (TSX:TOG) trading at $2.430 gained $0.020 or 0.83% on a volume of 6,063,476 shares.
Primaris Retail Real Estate Investment Trust (TSX:PMZ-UN) trading at $26.690 moved up $0.180 or 0.68% on a volume of 4,532,922 shares.
H&R Real Estate Investment Trust (TSX:HR-UN) trading at $23.300 dropped $-0.490 or -2.06% on a volume of 2,391,358 shares.
H&R Real Estate Investment Trust (HR-U) said earlier today that it trumped a hostile bid for Primaris Retail Real Estate Investment Trust (PMZ-U) with a friendly deal that would create the largest REIT in Canada based on enterprise value. H&R offered roughly C$27.33 in cash and stock for Primaris, the Canadian shopping mall owner that was the target of an unsolicited C$26 cash offer last month from an investor group led by KingSett Capital Inc.
This offer is worth about C$2.68 billion ($2.72 billion) based on H&Rs share price, or about C$4.2 billion including debt, according to data compiled by Bloomberg. The proposed takeover will aslo be the largest ever for a Canadian REIT, according to Bloomberg data, with Primaris owning 33 properties in 26 markets, including the Burlington Mall, Oakville Place and Place dOrleans in Ontario. A vote for the proposed deal is schedule for March where it will need approval from two-thirds of Primaris shareholders and at least 50.1 percent from H&R holders for approval.
Eastern Platinum Limited (TSX:ELR) trading at $0.230 lowered by $-0.015 or -6.12% on a volume of 2,012,426 shares.
InvestorIdeas.com is a leader in investor stock research by sector, featuring stock news, commentary and trading alerts in leading sectors including biotech, tech, mining, energy, water, renewable energy, beverage stocks and more .
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Follow Investorideas.com News on Linkedin.com/today at http://www.linkedin.com/today/investorideas.com
Sign up for the free investor news and stock alerts at Investorideas.com
Become an Investorideas.com Member and access our 14 online stock directories 24/7 - water, renewable energy, mining stocks and more
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
800-665-0411 - Source - www.Investorideas.com
Related Keywords:Sales, Advertising, Internet, Canada, Environmental Technology, Green Technology,