July 5, 2022

The Queens County Citizen

Complete Canadian News World

Titress N Action: Bombardier, Great Canadian Gaming and Shell

Titress N Action: Bombardier, Great Canadian Gaming and Shell

Here is a selection of ads that move (or make) the prices of these companies:

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Bombardier transport (BBD.B, $ 0.46) stated that it had entered into an agreement with Translink to build 205 new cars for Vancouver’s Skytrain transit system. The deal, announced Monday, is valued at $ 721 million and includes an additional 400 units of options. These cars are designed by company teams in the southern suburbs of Saint-Bruno, Montreal, as well as in Kingston, Ontario. The assembly will take place in Kingston. Kevin Desmond, CEO of Translink, which operates transportation systems in Vancouver, said in a statement that this is the largest supply order so far. Bombardier designed and supplied the original system for the Skytrain.

New York Investment Fund Apollo Global Management succeeds in mobilizing major shareholders Great Canadian Gaming Corporation (GC, $ 43.64) As part of an attempt to close the capital of the casino operator, by increasing its offer to $ 45 per share. $ 39 per share. “Increasing the price to $ 45 per share provides greater shareholder value,” Great Canadian Board Chairman Peter Meredith said in a statement Monday. Prior to the imposition of restrictions on 26 company-operating gaming and entertainment companies across the country due to the COVID epidemic, Apollo’s latest bid was close to the Great Gaming title price that was traded last February. -19. Much of it has now been shut down due to government measures aimed at curbing the spread of the new coronavirus. The Great Canadian, headquartered in British Columbia, traded up 17% at $ 43.50 on the Toronto Stock Exchange on Monday morning. Great Canadian shareholders will vote on the deal at a meeting on Wednesday. The Great Canadian said shareholders, who own about 50% of the shares, have entered into voting agreements and are committed to supporting the recent offer. Major Great Canadian shareholders such as Bloombergsen, CI Global Asset Management and Burgundy Asset Management opposed the Apollo offer. They changed their minds in the wake of a better proposal.

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Oil giant Royal Dutch Shell (RDSA, 48 14.48) announced Monday that it would reduce the $ 3.5 billion tax after tax to $ 4.5 billion for paper-cuts and restructuring that give the oil sector a gloomy outlook. The adjustment results of oil and gas drilling operations should show the loss “in the current context of oil prices”, especially as the shell underlines in a press release. Prices have plummeted this year due to the coronavirus epidemic, which has led to a collapse in demand for hydrocarbons. Shell recalls that its cash flow responds to a change of ten dollars in oil and gas prices to a billion 6 billion changes per year. Oil and gas production will also suffer from hurricanes in the Gulf of Mexico and milder weather in northern Europe in the first half of the fourth quarter, a statement said. The group insists that the use of its refineries during the quarter should be between 72% and 76%, indicating weak demand. After suffering heavy losses in the previous quarter due to the fall in prices caused by the pandemic, the hydrocarbon giant returned to green in the third quarter and hopes to reward its shareholders.