A possible
$1 billion takeover could be a big win for some shareholders Friday while what
looked like good news turned bad for others. Here’s some small stocks making
big moves on Friday, September 25, 2015 (as of 4 pm EST):
Performance Sports Group Ltd. (TSX:
PSG) shares jumped 13% to $18.56 on Friday after Bloomberg
reported that its former chairman, W. Graeme Roustan, has hired bankers to
explore taking the company private in a transaction that could value the firm
at as much as $1 billion. Performance Sports is a manufacturer of ice hockey,
roller hockey, lacrosse, baseball and softball sports equipment, as well as
related apparel and soccer apparel.
As well,
shares of Trican Well Service Ltd. (TSX:
TCW) sank 27% to $1.04 as the energy services company said it has reached
an agreement in principle with its bank lenders for certain debt-relief
measures. It also said it expects third-quarter results will be “substantially”
better than the first half of 2015.
Vecima Networks Inc. (TSX:
VCM), meanwhile, reported that it has increased its quarterly dividend 22%
to C$0.055 as a result of what the company said was a strong financial
performance and a positive outlook. Vecima Networks stock moved up 5% to $10.40 following the announcement.
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