TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,375.48, up 45.75 points.)
Bombardier Inc. (TSX:BBD.B) Industrials. Up 10 cents or 6.67 per cent, to $1.60 on 19.7 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 44 cents or 1.82 per cent, to $24.56 on 12.1 million shares.
Royal Bank of Canada. (TSX:RY). Financials. Up 72 cents or 0.56 per cent, to $127.92 on 8.8 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 55 cents or 2.3 per cent, to $24.47 on nearly 8.4 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 18 cents or 0.37 per cent, to $49.34 on 7.7 million shares.
Score Media and Gaming Inc. (TSX:SCR) Communications. Up $18.15 or 79.78 per cent, to 40.90 on 6.7 million shares.
Companies in the news:Â
Score Media and Gaming Inc. (TSX:SCR) Up $18.15 or 79.78 per cent, to 40.90. Toronto-based Score Media and Gaming Inc. is being acquired by U.S.-based Penn National Gaming Inc. in a US$2-billion cash and stock deal. The deal announced Thursday will bring together Score Media's popular theScore mobile sports news app, as well as its betting services in four U.S. states, with Penn National's dozens of gaming and racing properties across 20 states. The acquisition of Score Media and Gaming adds to Penn National's holdings in sports media after it bought a 36 per cent stake in Barstool Sports Inc. in 2020. The deal will see Score Media and Gaming shareholders getting US$17 a share in cash plus 0.2398 of a Penn National stock for each theScore share, making the deal roughly half in cash. News of the deal sent Score's share price up more than 80 per cent, or $14.69, to $32.83 in mid-afternoon trading on the Toronto Stock Exchange. John Levy, chief executive of theScore, said in a statement that the timing was right to join with a company of Penn National's resources and scale.Â
Sun Life Financial Inc. (TSX:SLF). Down 33 cents or 0.51 per cent to $64.72. Sun Life Financial Inc. says its net income increased 73 per cent to $900 million in its latest quarter on market-related improvements particularly from higher interest rates.The Toronto-based insurer reported after markets closed Wednesday that its profit in the second quarter amounted to $1.53 per share, up from 88 cents per share or $519 million a year earlier. Underlying net income rose 19.5 per cent to $883 million or $1.50 per share, up from $739 million or $1.26 per share in the second quarter of 2020. Analysts on average expected Sun Life to post $1.47 per share in adjusted profits, according to financial data firm Refinitiv. Insurance sales increased nearly 15 per cent to $710 million while wealth sales slipped 2.9 per cent to $55 million from $56.6 million in the year-ago period. The value of new business rose to $284 million from $206 million.
This report by The Canadian Press was first published Aug. 5, 2021.
The Canadian Press
