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Power, Power Financial at 52-Week Highs on News

Baystreet.ca

Power Corporation of Canada (T.POW) hit a new 52-week high of $34.19 Friday. Power Financial and Power Corporation of Canada today announced the execution of a definitive agreement to effect a reorganization transaction pursuant to which each common share of PFC held by holders of PFC Common Shares other than PCC and certain of its affiliates, will be exchanged for 1.05 subordinate voting shares of PCC and $0.01 in cash. Upon completion of the Reorganization, PCC will own all of the PFC Common Shares, while PFC preferred shares and debt securities will remain outstanding.

Power Financial Corporation (T.PWF) hit a new 52-week high of $35.72 Friday. Power Financial and Power Corporation of Canada today announced the execution of a definitive agreement to effect a reorganization transaction pursuant to which each common share of PFC held by holders of PFC Common Shares other than PCC and certain of its affiliates, will be exchanged for 1.05 subordinate voting shares of PCC and $0.01 in cash. Upon completion of the Reorganization, PCC will own all of the PFC Common Shares, while PFC preferred shares and debt securities will remain outstanding.

VersaPay Corporation (V.VPY) hit a new 52-week high of $2.70 Friday. VersaPay and Great Hill Partners have entered into a definitive arrangement agreement whereby Great Hill will indirectly acquire all of the issued and outstanding common shares of VersaPay.

Each VersaPay shareholder will receive cash consideration of $2.70 for each VersaPay Share held, valuing VersaPay's total equity at approximately $126 million on a fully diluted basis. The Consideration represents a 47.5% premium to the closing price of the VersaPay Shares on the TSX Venture Exchange on December 12, and a 64.5% premium to the volume weighted average price of the VersaPay Shares over the last 30 trading days

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Bausch Health Companies Inc. (T.BHC) hit a new 52-week high of $42.15 Friday. No news announcements today.

Detour Gold Corporation (T.DGC) hit a new 52-week high of $25.55 Friday. No news announcements today.

Enghouse Systems Limited (T.ENGH) hit a new 52-week high of $45.13 Friday. No news announcements today.

Kneat.com Inc. (V.KSI) hit a new 52-week high of $2.18 Friday. No news announcements today.

Metalla Royalty & Streaming Ltd. (T.MTA) hit a new 52-week high of $1.71 Friday. No news announcements today.

Pan American Silver Corp. (T.PAAS) hit a new 52-week high of $28.20 Friday. No news announcements today.

The Stars Group Inc. (T.TSGI) hit a new 52-week high of $32.84 Friday. No news announcements today.

Read: The Next Billion Dollar Trend In Entertainment

WestJet Airlines Ltd (T.WJA) hit a new 52-week high of $31.00 Friday. No news announcements today.