Canadian Technology Stocks and Startups
Over the next few days, we’ll be rolling out the nominees for the 2012 Cantech Letter Awards. These awards, our third annual, will be different for a couple reasons. First, we’re very grateful to have the awards sponsored by the Toronto Stock Exchange and TSX Venture Exchange. Cantech Letter, the award winners, and many of [...]
The colorful and acrimonious recent history of Western Wind Energy (TSX:WND) may soon be a thing of the past. This morning, the company provided an update on the process it began late in July, when amidst verbal jousting with a dissident shareholder group led by investors Savitr Capital LLC, management announced it would put itself [...]
After announcing it would put itself up for sale earlier this week, Western Wind Energy (TSXV:WND) says it is closing in on a buyer. This morning, the company said it had entered “advanced discussions” with three large, US-based electric utilities. Management says the parent companies of these utilities have “balance sheets in excess of $20-billion.” [...]
As we have talked about several times here at Cantech Letter, the defining story of recent months in Canadian tech is the buyouts of many of our best and brightest firms. The Branham Group reported that last year, forty-five Canadian tech firms were acquired by foreign buyers. Many notable TSX listed companies, including Zarlink, Bridgewater, [...]
Shares of Western Wind Energy (TSXV:WND) are soaring today after management announced it had decided to sell the company and all its assets. Western Wind management said it would receive proposals over the next two weeks from M&A firms and then, within ten days, choose the best offer. The company said the plan was “…a [...]
In Canada, the cleantech space is littered with carnage. The trail of underperforming Canadian stocks, including Timminco (TSX:TIM), which recently filed for creditor protection and Waterloo’s Arise Technologies (TSX:APV), which was delisted from the TSX, in addition to companies like Nevada Geothermal Power (TSXV:NGP) and Alterra Power (TSX:AXY), which lost much of their value in [...]
