Take Stock – November 25

Another piece of the former Nortel Networks Corp. empire hit the auction block Tuesday as the Global System for Mobile (GSM) business was offered to interested bidders.

Nortel puts GSM business on auction block after delay

Another piece of the former Nortel Networks Corp. empire hit the auction block Tuesday as the Global System for Mobile (GSM) business was offered to interested bidders. The delayed auction got underway Tuesday morning, but a winner had yet to be announced by the company in the early evening. The global GSM/GSM-R business includes patents predominantly used in the GSM business and granting of non-exclusive licenses of other relevant patents in an open auction. Nortel had planned to sell the division last week, but decided to bump the date to make room for its optical networking and carrier Ethernet units auction.

Ciena’s won the optical networking auction and will pay US$769 million for the division.


Agrium buys 24 Agriliance retail outlets

Fertilizer giant Agrium Inc. (TSX:AGU) said Tuesday it has expanded its retail operations in the southwestern United States with the acquisition of 24 retail outlets in Texas and New Mexico from Agriliance. Financial terms of the deal were not disclosed, but Agrium said it expects the stores to generate annual crop input revenues of about US$150 million. Included with the retail outlets bought from Agriliance are 18 farm centres and six satellites operations, their working capital and more than 50,000 tons of fertilizer storage.

Agrium president and CEO Mike Wilson said the deal is not an indication that the company is backing away from its pursuit of CF Industries Holdings Inc. (NYSE:CF). Agrium’s ambitions to take over Illinois-based CF hit an obstacle last week as the target company made significant headway in a hostile bid of its own.

All three of CF’s nominees were elected onto Terra Industries Inc.’s (NYSE:TRA) eight-member board of directors, increasing the odds that its US$4.1-billion bid will come to fruition.

Just Posted

PHOTO: Renewable Energy Fair at Red Deer College

The Renewable Energy Fair and Workshops event was held at Red Deer… Continue reading

PHOTOS: Red Deer College Queens host third annual Pink in the Rink game

The RDC Queens picked up an extra special victory on home ice… Continue reading

PHOTOS: The Mustard Seed CEO speaks at Seeds of Hope Gala in Red Deer

The first-ever Seeds of Hope Gala was held at the Red Deer… Continue reading

Person airlifted to hospital after collision near Innisfail

One person was airlifted to hospital after a serious collision west of… Continue reading

WATCH: Make-A-Wish grants Star Wars loving teen’s wish

The Make-A-Wish Foundation granted Anakin Suerink’s wish in Red Deer Saturday afternoon

Migrant caravan swells to 5,000, resumes advance toward US

CIUDAD HIDALGO, Mexico — Despite Mexican efforts to stop them at the… Continue reading

“I don’t feel real”: Mental stress mounting after Michael

PANAMA CITY, Fla. — Amy Cross has a hard time explaining the… Continue reading

Toronto residents set to vote Monday on the next four years of civic leaders

Toronto’s municipal election campaign, marked by unprecedented provincial interference, ends Monday when… Continue reading

Former PQ minister Lise Payette remembered as role model for female politicians

MONTREAL — Members from across Quebec’s political spectrum gathered at a downtown… Continue reading

Voters head to polls for BC municipal elections today, some complain of long lines

VANCOUVER — Voters in British Columbia are heading to the polls today… Continue reading

Kennedy Stewart named mayor of Vancouver; one of several B.C. turnovers

VANCOUVER — Former New Democrat MP Kennedy Stewart has won a neck-and-neck… Continue reading

‘In our bloodline:’ Land-based learning links curriculum with Indigenous culture

REGINA — A school day for six-year-old Hunter Sasakamoose can start with… Continue reading

‘Stupid’ law preventing Canada’s re-engagement with Iran: retired envoy

OTTAWA — The real reason the Liberal government hasn’t been able to… Continue reading

Most Read