By The Canadian Press
TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,775.28 down 13.74 points):
BlackBerry (TSX:BB.TO - News). Wireless technology. Down $1.25, or 8.20 per cent, at $14 on 9,136,500 shares. The smartphone maker's stock continued to slide for a fourth trading day in a row. It dragged the sector down 3.48 per cent, to close at 29.12 points.
TSX Venture Exchange (1,204.23 up 5.28 points):
Sterling Resources Ltd. (TSXV:SLG.V - News). Oil and gas. Up 36.5 cents, or 76.84 per cent, at 84 cents on 13,854,016 shares. Calgary-based Sterling received notice of an unsolicited takeover offer from Vitol Anker International of the Netherlands, which announced its plans to offer 85 cents per share cash for all of Sterling's stock.
Orko Silver Corp. (TSXV:OK.V - News). Mining exploration. Up 46 cents, or 21.50 per cent, at $2.60 on 10,265,830 shares. Orko said it received a "superior proposal" from giant silver miner Coeur d'Alene Mines. The offer values each Orko share at $2.70, which the company said represents a premium of about 25 per cent to the implied value of First Majestic's (TSX:FR.TO - News) bid announced in December, based on the Feb. 12 closing price of both U.S.-based Coeur and First Majestic. The stock for First Majestic rose 18 cents, or one per cent, at $18.17 on 916,018 shares.
Companies reporting major news:
Thomson Reuters (TSX:TRI.TO - News). News and information provider. Down 70 cents, or 2.28 per cent, at $30.02 on 2,106,499 shares. The data provider is cutting 2,500 jobs or about four per cent of its workforce. Thomson Reuters announced the news after reporting earlier in the day of improved fourth-quarter results and signalling that it enters 2013 "with more confidence and a much stronger foundation."
TMX Group Ltd. (TSX:X). Stock markets operator. Up 75 cents, or 1.37 per cent, at $55.50 on 36,395 shares. TMX Group, operator of Canada's major stock exchanges, will buy the transfer agent and corporate trust services business of Equity Financial Holdings Inc. for $64 million. The deal is expected to close by early April.