Harris Steel, Lundin Mining, Telus: Canadian Equity Preview

Harris Steel, Lundin Mining, Telus: Canadian Equity Preview

The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed Dec. 29. Symbols are in parentheses after company names and prices are from the last close.

The Standard & Poor’s/TSX Composite Index fell 1.15, or 0.01 percent, to 12,908.39 on Dec. 29.

Harris Steel Group Inc. (HSG CN): Nucor Corp., the second- largest U.S. steel company, said in a statement that it agreed to acquire the metals producer controlled by the family of founder Milton Harris in a transaction valued at about $1.07 billion, or C$46.25 ($39.76) a share. Harris Steel shares slipped 30 cents, or 0.7 percent, to C$43.49.

Lundin Mining Corp. (LUN CN): The mining company is considering making acquisitions after record prices for zinc increased its cash holding, Svenska Dagbladet reported, citing Chief Executive Officer Karl-Axel Waplan. Lundin is looking at two new mining projects in particular, Waplan told the newspaper. Lundin Mining shares gained 54 cents, or 1.3 percent, to C$43.

Telus Corp. (T CN): Canada’s second-largest telephone company said in a statement that Chief Executive Officer Darren Entwistle sold 29 percent of the 569,020 shares he owned in Telus for “personal estate planning.” Telus shares fell 58 cents, or 1.1 percent, to C$53.52.

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