Stephen Jarislowsky, the billionaire investor who tangled with Conrad Black and Research In Motion Ltd. over corporate governance and fought to protect Canadian firms from foreign takeovers, will step down as head of the money management firm he co-founded almost six decades ago.
Canada’s rejection of a bid by Malaysia’s state oil company for Progress Energy Resources Corp. casts doubt on Beijing-based Cnooc Ltd.’s $15.1-billion takeover of Nexen Inc. and raises questions about the openness of Prime Minister Stephen Harper’s government to foreign investment.
Robert Card spent his first day at the helm of SNC-Lavalin Group Inc. meeting with shareholders about the payments scandal that spawned criminal probes, chopped market value by 22 percent and spurred demands for management change at Canada’s largest construction company.
Canadian Tire Corp. Ltd., the country’s largest auto-parts and sporting-goods retailer, is planning to wring savings in contract talks with store dealers as competition looms from U.S. discount chain Target Corp.
Billionaire investor Stephen Jarislowsky prefers the bid for TMX Group Inc., which owns bourses in Toronto and Montreal, from a group of Canadian banks and pensions instead of London Stock Exchange Group Plc’s agreement to purchase the company.
Potash Corp. of Saskatchewan Inc. ’s third-largest shareholder would prefer Canada to block BHP Billiton Ltd. ’s $130-a-share offer because the price is too low and a deal would make his job as fund manager more difficult.
Billionaire Stephen Jarislowsky, one of Research In Motion Ltd.’s largest shareholders, added his name to the call for the BlackBerry smartphone maker to split the roles of chairman and chief executive officer.