TMX Group Inc.’s takeover by a group of Canadian banks and pension funds has been accepted by regulators in British Columbia and Alberta, clearing the final regulatory hurdles for the C$3.73 billion ($3.66 billion) transaction.
Short seller Jon Carnes made millions of dollars publishing anonymous reports accusing Chinese companies of fraud. Now settled in Vancouver after fleeing threats of violence in China, he’s trying another business model: providing tips to the U.S. government.
The British Columbia Securities Commission is reviewing a referral made to it by the Investment Industry Regulatory Organization of Canada regarding the trading in the shares of Taseko Mines Ltd. The commission said in a statement that it doesn’t comment on matters under review.
Galleon Group LLC co-founder Raj Rajaratnam, facing insider-trading charges, asked a judge to throw out government wiretaps of 2,400 of his conversations and evidence prosecutors gathered after listening to them.
Silvercorp Metals Inc., the Chinese silver miner accused of fraud in an anonymous letter last month, plunged 20 percent, the most in seven years, after Carson Block’s Muddy Waters LLC said it’s shorting the stock.
Lions Gate Entertainment Corp. ’s appeal of a regulator’s ruling that voided a poison pill designed to thwart Carl Icahn ’s hostile takeover bid for the film studio was dismissed by a British Columbia court.