Content about Stock market

Resolute Forest Products has announced its intention to acquire all the issued and outstanding common shares of Fibrek Inc. The offer of C$1 per share in cash, or C$0.55 in cash and 0.0284 of a Resolute Forest Products common share will expire on or before Dec. 31.

According to Resolute, the offer represents a premium of approximately 39% over the closing price of Fibrek's shares on Nov. 28, and a premium of approximately 31% over the volume-weighted average trading price of the shares on the Toronto Stock Exchange or the 20 trading days ending on that date.

New Britain, Conn.-based Stanley Black & Decker's wholly owned Swedish subsidiary has acquired in total 72,005,890 class B shares of global security firm Niscayah Group.

The shares represent approximately 19.8% of the outstanding shares and approximately 13.9% of the total number of votes in Niscayah.

The acquisition of these shares was made through purchases outside of the company’s pending tender offer to acquire all the outstanding shares and warrants of Niscayah. 

The 2011 Home Channel News Top 200 Pro Dealer Scoreboard has been published — the full list will be available on homechannelnews.com.


The Top 200 lumberyard companies in the nation, ranked by sales, together showed a 1.38% increase in 2010, compared with 2009. That’s the first year-over-year growth spurt for the HCN Pro Dealer Scoreboard since the 2007 list of Top 350 pro dealers was published. 


Growth is good. 


But how did it happen? How do companies grow when all around them their markets are stalled or declining? 


In an effort to raise $60 million, building products distributor BlueLinx has announced it will commence a rights offering of common stock to its stockholders. The proceeds will be used to pay down debt and fund working capital, the company said in an April 26 filing with the Securities and Exchange Commission (SEC). 

RONA, one of Canada’s largest chain of home improvement retail outlets, has announced that it will launch an offering of rate reset preferred in partnership with a syndicate of underwriters led by National Bank Financial Inc. and BMO Capital Markets, who are acting as joint book runners.