CP to end trading, spinoffs likely to be hit

Article Abstract:

Canadian Pacific Ltd. (CP) will terminate the trading of its shares as the company's five spinoff operations are expected to be hurt by the decline in the economic situation. Investors in CP will turn in their shares for stock in the company's five spinoffs, PanCanadian Energy, CP Ships Holdings, Fording Inc., Fairmont Hotels and Resorts, and Canadian Pacific Railway Co.

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Venture Exchange plans junior listing

Article Abstract:

TSX Venture Exchange will segregate approximately 260 dormant companies into a "junior junior" market. This will enable the firms to reactivate themselves by buying new businesses. It will also allow them to avoid delisting.

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Mosaid to issue shares worth up to $50-million

Article Abstract:

Mosaid Technologies Inc. said it would offer 1.1 million common shares that would be worth as much as 50 million Canadian dollars. The company will sell the shares at 37 Canadian dollars each.

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