(Bloomberg) -- Canadian stocks rose on takeover
speculation after BCE Inc., Canada's biggest phone company, was
sold for C$34.2 billion ($32.1 billion) in the largest leveraged
buyout.
The speculation was fanned by an agreement by Teck Cominco
Ltd. to buy Aur Resources Inc. for C$4.1 billion. The Standard &
Poor's/TSX Composite Index rose 117.92, or 0.9 percent, to 14,024.
49 as of 9:45 a.m. in Toronto.
Read more at Bloomberg Stocks News
speculation after BCE Inc., Canada's biggest phone company, was
sold for C$34.2 billion ($32.1 billion) in the largest leveraged
buyout.
The speculation was fanned by an agreement by Teck Cominco
Ltd. to buy Aur Resources Inc. for C$4.1 billion. The Standard &
Poor's/TSX Composite Index rose 117.92, or 0.9 percent, to 14,024.
49 as of 9:45 a.m. in Toronto.
Read more at Bloomberg Stocks News
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