REFILE-UPDATE 1-Richelieu profit edges higher, stock slips

(Reuters) - The specialty hardware distributor, which also makes
furniture, kitchen cabinets and doors, said it earned C$8.65
million , or 37 Canadian cents a share, in the
period ended May 31. That is up slightly from earnings of
C$8.63 million, or 37 Canadian cents a share, in the year-prior
quarter.




Analysts had expected earnings per share of 41 Canadian
cents before exceptions, according to Reuters Estimates.
Richelieu stock slipped 32 Canadian cents, or 1.3 percent, to
C$24.63 by early afternoon on the Toronto Stock Exchange.


Read more at Reuters.com Market News

Teachers group wins C$52 bln race for BCE

(Reuters) - It said that was a 40 percent premium over what it called the "undisturbed share price," or the price before BCE put itself up for sale. BCE shares closed at C$40.34 on the Toronto Stock Exchange on Friday.




"The all-cash transaction is valued at C$51.7 billion, including C$16.9 billion of debt, preferred equity and minority interests," BCE said, adding that it expected the deal to close in the first quarter of next year.


Read more at Reuters.com Mergers News

UPDATE 1-Osprey receives C$404 million bid from Black Press

(Reuters) - Osprey said Black Press would pay C$8.25 in cash for each
Osprey unit. That represents a deal worth about C$404 million
and tops a bid from Quebecor Media earlier this
month that offered C$7.25 per unit.




The income fund's units rose 94 Canadian cents, or 13.02
percent, to C$8.16 on the Toronto Stock Exchange in early trade
on Wednesday.


Read more at Reuters.com Mergers News