Onex Corporation relinquished 60.3% voting control in Celestica and completed total exit with the sale of 6,757,198 SVS at US $20.75 for gross proceeds of US $140.212 million.
Alimentation Couche-Tard to repurchase from Caisse de dépôt et placement du Québec (CDPQ) for cancellation of 10,820,837 shares at $64.69 for consideration of $700M.
Investissement Québec, Fonds de solidarité FTQ and Fondaction to invest US $74M in The Lion Electric Company as part of US $142M financing package. Largest shareholder Power Energy Corporation is not taking part in financing.
Cenovus Energy (TSX/NYSE: CVE) repurchased for cancellation all of the warrants (45,484,672 warrants) held by Li Ka Shing related entities for $711M.
NFI Group Inc. entered into agreement with Coliseum Capital Management, LLC for investment of up to US $150M by Coliseum, up to US $175M from Coliseum private placement and an alternative offering
Intercap Equity controlled E Automotive opted for delisting from TSX instead of a going-private transaction. Intercap to backstop $20M private placement to fund substantial issuer bid for cancellation up to $7.5M shares to "provide existing shareholders an opportunity for liquidity in advance of the voluntary delisting."
Thomson Reuters to return US $2.2B to shareholders through payment of US $4.67 cash per share and a stock reverse split. Thomson Reuters' controlling shareholder, The Woodbridge Company Limited, may increase holding if it opts out.
Beedie Investments Ltd. invested additional $15M in LifeSpeak by way of a convertible loan, would become the largest shareholder upon full conversion, ahead of CEO and founder Michael Held and Round13 Capital.
Newmont disposed 15.1M Triple Flag Precious Metals on open market for $179M in net proceeds after tax. Elliott Investment Management L.P. acquired additional 4.67M TFPM shares on open market bfor $77M increasing its holding to 134,587,637 TFPM shares (67%).
Milestone Pharmaceuticals Inc. entered into US $50M convertible note and US $75M Etripamil royalty purchase agreements with existing shareholder RTW Investments, LP and certain of its affiliates.
Taiga Motors closed $40.15M secured convertible debentures financing with Northern Private Capital (NPC) and Investissement Québec (IQ). NPC's Andrew Lapham, Michael Fizzell and Francis (Frank) Séguin and IQ's Marc Fortin will join Taiga board of directors.
Bird Global, issued additional US $3M Convertible Senior Secured Notes, bringing total notes issuance to US $60M including $27M issued for the acquisition of Bird Canada and US $30M issued concurrent with acquisition.
Onex Corporation, the controlling shareholder of Celestica Inc., intends to convert all Celestica MVS to SVS, on 1-for-1 basis, reducing voting power from 81.9% to 15.3%. Letko, Brosseau & Associates Inc. will increase voting power to 10.5% from 2.3%.
Evertz Technologies Limited proposed to acquire Haivision Systems at $4.5 per share for approximately $131M or $118M from founder Miroslav (Mirko) Wicha, Thomas O. Hecht and other shareholders.
CGI to purchase for cancellation of 3,344,996 of Class A subordinate voting shares held by CDPQ for $119.58 per share for $400M. CDPQ will reduces stake to below 10% (8.2%) continuing to hold 19.18M Class A shares.