Oracle bid for PeopleSoft boosts Canadian software stocks
A 5.1 billion dollar US bid by Oracle for PeopleSoft lifted shares of Cognos in Ottawa and Toronto area firms including Gene Computer, Hummingbird, and Open Text as industry consolidation nears. Cognos and Gene Computer surged past 52 week highs while Hummingbird and Open Text rose but stayed below their peak.
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Foronto Hares
Oracle Corp
Peoplesoft
Cognos Inc
Oracle
Gene Computer Corp
PeopleSooft Corp
California
J.D. Edwards & Co
J.D. Edwards
Markham
Genc
Canada
Cognos
NavCan talks resume as air traffic controllers plan action
Ottawa CP The Canadian Air Traffic Control Association says talks with Nav Canada and Labour Department officials ended without resolution after roughly 10 hours and 9 talks. The union warns of possible job action at airports, potentially including information pickets or halting trainee recruitment, though a full strike is not allowed by law.
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Ottawa
Federal Labour Department
Rob Thurgur
Canadian Air Traffic Control Association
Air Traffic Controllers Union
Canadian Auto Workers
Nav Canada
Canada
Thurgur
Labour
NavCan
Hockey Company Prices Initial Public Offering
Hockey Company Holdings Inc plans an IPO at $16 a share, offering 4.5 million shares to raise $72 million led by Merrill Lynch Canada. TSX approval conditional with listing symbol HCY. Proceeds include about $44 million for early royalties on a 10 year NHL marketing deal. The firm, 46.8 percent owned by Wellspring affiliate, operates CCM Jofa and Koho brands in Montreal and abroad.
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Hockey Company Holdings Inc
NHL
Merrill Lynch Canada
Toronto Stock Exchange
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