Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies trading on the Toronto Stock Exchange on Wednesday:

Toronto Stock Exchange (19,378.84, down 315.32):

Suncor Energy Inc. (TSX:SU). Energy. Down $2.80, or 6.50 percent, to $40.27 on 15.4 million shares.

Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $3.46, or 4.73 percent, to $69.77 on 15.1 million shares.

Athabasca Oil Corp. (TSX:ATH). Energy. Down 14 cents, or 4.71 percent, to $2.83 on 15.1 million shares.

Manilife Financial Corp. (TSX:MFC). Finance. Down 84 cents, or 3.27 percent, to $24.88 on 14.2 million shares.

Cenovus Energy Inc. (TSX:CVE). Energy. Down $1.52, or 6.54 percent, to $21.73 on 13.2 million shares.

Baytex Energy Corp. (TSX:BTE). Energy. Down 39 cents, or 8.16 percent, to $4.39 on 10.6 million shares.

Companies in the news:

Magnet Forensics Inc. (TSX:MAGT). 29 cents, or 0.65 percent, fell to $44.12. Investors are getting conflicting advice from independent proxy advisors on whether the acquisition price for cybersecurity firm Magnet Forensics Inc. fair. Glass Lewis & Co. advised against the deal, saying the valuation for the Waterloo, Ont. established company is inadequate and that the proposed premium is “marginal” at best. The advisory comes a day after Institutional Shareholder Services Inc. encouraged shareholders to vote in favor of the deal, saying the valuation appears “reasonable” and there are downside risks if the deal is not approved. Magnet Forensics announced on January 20 that US private equity firm Thoma Bravo would purchase it in a $1.8 billion deal, in which shareholders and their affiliates would receive $44.25 in cash per share, while rolling shareholders would receive $39. would receive per share.

Canadian Pacific Railway Ltd. (TSX:CP). An increase of $6.30, or 6.31 percent, to $106.10. US Rail Regulator Gives Green Light to Canadian Pacific Railway Ltd. to take control of Kansas City Southern Railway Co. as early as April 14. to take over. billion in a deal that would create the only single-line rail network connecting Canada, the US and Mexico. The merged railroad will be named Canadian Pacific Kansas City, with current CP CEO Keith Creel as CEO and Calgary as global headquarters.

This report from The Canadian Press was first published on March 15, 2023.

The Canadian Press