|Bid||19.10 x 0|
|Ask||19.12 x 0|
|Day's Range||19.08 - 19.15|
|52 Week Range||9.91 - 19.20|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||390.20|
|Earnings Date||May 4, 2017 - May 5, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.30|
Though the purchase price is pocket change for the financial-services giant, this still marks its largest acquisition since the Great Recession.
Morgan Stanley is making a play for the thousands of employees in the startup economy who might one day be millionaires. The bank will pay $900 million to acquire Solium Capital Inc., which manages the stock that corporate employees receive as part of their pay. The deal is the largest takeover by any major Wall Street firm since the crisis.
Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (15,568.85, down 64.48). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 45 cents, or 4.52 per cent, to $9.50 on 19 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Down six cents, or 2.91 per cent, to $2 on 8.4 million shares.Solium Capital Inc. (TSX:SUM). Technology. Up $5.76, or 43.11, to $19.12 on 7.6 million shares.Aphria Inc. (TSX:APHA). Health care. Down $1.21, or 9.81 per cent, to $11.12 on 7.1 million shares.Encana Corp. (TSX:ECA). Energy. Up six cents, or 0.74 per cent, to $8.12 on 6.5 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Down 18 cents, or one per cent, to $17.89 on 5 million shares. Companies reporting:SNC-Lavalin Group Inc. (TSX:SNC). Down $2.71 or 7.4 per cent to $34. SNC-Lavalin warned that its profit for 2018 will be even lower than it cautioned in January, due to problems at a mining project in Latin America. The company said it now expects that its adjusted diluted earnings per share from its engineering and construction business for 2018 will be in a range of 20 cents to 35 cents.Restaurant Brands International Inc. (TSX:QSR). Up $1.74, or 2.1 per cent to $84.82. The company behind Tim Hortons, Burger King and Popeyes restaurants says its profit attributable to common shareholders amounted to US$163 million or 64 cents per diluted share for the quarter ended Dec. 31. That compared with a profit attributable to common shareholders of US$395 million or $1.59 per diluted share in the same quarter a year earlier. On an adjusted basis, the company earned 68 cents per share for the quarter. Analysts on average had expected a profit of 67 cents per share for the quarter, according to Thomson Reuters Eikon. Revenue for the quarter totalled $1.39 billion, up from $1.23 billion a year ago.Cameco Corp. (TSX:CCO). Down one cent to $16.38. Cameco beat analyst expectations in its fourth quarter results as it continues to grapple with a challenging uranium market. The company reported net earnings of $160 million for the quarter ending Dec. 31, compared with a loss of $62 million for the same quarter a year earlier. Adjusted net earnings were $202 million, or 51 cents per share, compared with adjusted earnings of $181 million or 46 cents per share for the same quarter in 2017.DHX Media. (TSX:DHX). Down four cents to $2.49. Nickelodeon International has agreed to buy international rights to the new "Dorg Van Dango" animated kids program that's being co-produced by DHX Media and Cartoon Saloon. DHX Media's studio in Vancouver will create the voice and visual portions of the new series for six- to 11-year-olds, in collaboration with Cartoon Saloon of Ireland. DHX Media's Vancouver animation studio, which employs 700, also produces "Mega Man: Fully Charged," "Polly Pocket," "The Adventures of Rocky & Bullwinkle" and "Cloudy with a Chance of Meatballs." The Canadian Press
CALGARY — U.S. bank Morgan Stanley has signed a deal to buy Calgary-based Solium Capital Inc. in a cash deal valued at about $1.1 billion.Under the agreement, Morgan Stanley will pay $19.15 per share for Solium, which helps companies manage employee stock plans.Solium shares closed at $13.36 on the Toronto Stock Exchange on Friday.Solium CEO Marcos Lopez says the company's leadership team is expected to remain in place.The deal is subject to the approval by a two-thirds majority vote by shareholders. All of the directors of Solium, who collectively control 19 per cent of the company, have agreed to support the purchase.Subject to regulatory approvals, the deal is expected to close in the second quarter of 2019. Companies in this story: (TSX:SUM) The Canadian Press
Morgan Stanley said on Monday it would buy Canadian employee stock plans manager Solium Capital for C$1.1 billion . The deal will allow Morgan Stanley to attract young salaried workers, who after they ...
The Wall Street bank says it will pay $19.15 Canadian per share for Alberta-based Solium, adding it expects the transaction to close in the second quarter. Morgan Stanley CEO James Gorman told The Wall Street Journal he'd like to "do more" acquisitions. "Last year was the first time we felt comfortable that we could even consider" acquisitions.
CALGARY, Feb. 11, 2019 /CNW/ - Solium Capital Inc. (Solium or the Company) (TSX:SUM.TO - News) is pleased to announce that the Company has entered into a definitive arrangement agreement (the Arrangement Agreement) with Morgan Stanley under which Morgan Stanley, through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Solium (Solium Shares), subject to the approval of the Solium shareholders. Under the terms of the Arrangement Agreement, Morgan Stanley will acquire Solium's Shares in an all cash purchase pursuant to an arrangement under the Business Corporations Act (Alberta) (the Arrangement) and pay CAD$19.15 for each Solium Share (the Purchase Price).
CALGARY, Feb. 6, 2019 /CNW/ - Michael Broadfoot announces that he has sold, through an automatic securities disposition plan ("ASDP"), an aggregate of 419,800 common shares ("Shares") in the capital of Solium Capital Inc. ("Solium") between September 19, 2018 and February 5, 2019 at an average price of $12.25 per Share for total gross proceeds of $5,144,070. This is in addition to the 803,500 Shares he sold through the ASDP between February 1, 2018 and September 18, 2018 as previously announced on September 20, 2018. The purpose of this early warning press release is to announce that Mr. Broadfoot now holds less than 10% of the issued and outstanding Shares. As at February 5, 2019, Mr. Broadfoot currently holds 5,661,386 Common Shares, 9,500 vested stock options and 1,949 RSUs that will vest within 60 days, being approximately 9.995% of the total issued and outstanding Shares (on a partially diluted basis). In addition, Mr. Broadfoot holds stock options to acquire an additional 9,500 Shares and holds 1,948 restricted share units that have not yet vested (and which will not vest within the next 60 days).
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Financial figures expressed in U.S. dollars ("USD") Quarterly revenue increased by 38% to $28.3 million Cash position strong at $96.1 million Quarterly adjusted EBITDA increased from $2.1 million ...