Sandpiper has reduced its stake in senior living provider Extendicare Inc. The Manji family’s investment arm sold 2,500 common shares for $56,125. The average share price was $22.45. The move reduced its ownership position to 9.99%, just below the threshold that triggers further disclosure obligations under Canadian securities laws.
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The Canadian federal government has approved the merger between Teck Resources Limited and Anglo American. Both companies approved the deal on Dec. 9. This merger will form a new company called Anglo Teck, a global critical minerals player. Anglo Teck has committed to spend $4.5 billion in Canada within five years.
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Professional services firm MNP is expanding in the Lanaudière region of Quebec by joining forces with Boisvert et Chartrand, a chartered professional accounting firm. The deal is effective Jan. 1. With the expansion, MNP will have 36 offices, 234 partners and more than 1,500 team members in the province.