Toromont Industries Ltd. (T.TIH) hit a new 52-week high of $50.13 Monday. Toromont Industries today announced that it has entered into a definitive agreement to acquire the businesses and net operating assets of the Hewitt Group of companies in exchange for consideration of $917.7 million cash plus the issuance of 2.25 million Toromont shares (nominally $100 million based on 10-day average share price as at signing) for a total consideration of $1.0177 billion. Hewitt Equipment Limited is the authorized Caterpillar dealer for the province of Québec, Western Labrador and the Maritimes, as well as the Caterpillar lift truck dealer for most of Ontario.
Polaris Materials Corporation (T.PLS) hit a new 52-week high of $2.73 Monday. Polaris announced that it has entered into a definitive arrangement agreement with Vulcan Materials Company, pursuant to which Vulcan, through an indirect subsidiary, will acquire all of the issued and outstanding shares of Polaris for $2.79 per share in cash by way of a statutory plan of arrangement
Kirkland Lake Gold Ltd. (T.KL) hit a new 52-week high of $15.19 Monday. No news announcements today
AGF Management Limited (T.AGF.B) hit a new 52-week high of $8.00 Monday. No news announcements today
Lundin Mining Corporation (T.LUN) hit a new 52-week high of $9.57 Monday. No news announcements today
Largo Resources Ltd. (T.LGO) hit a new 52-week high of 99 cents Monday. No news announcements today
