Casey's General Stores Inc., the U.S. Midwest convenience store group, sent a letter to its shareholders Monday urging them to reject outright Alimentation Couche-Tard Inc.'s plan to replace the present board with a slate of new directors.
Potash Corporation of Saskatchewan Inc. announced early Monday that its board of directors voted unanimously to reject the unsolicited $38.6-billion U.S. offer by Australian mining giant BHP Billiton PLC, and acknowledged that other companies have expressed interest in bidding for Potash Corp.
Markets opened higher Monday as global merger and acquisition activity continued to heat up, suggesting companies are optimistic about the economic recovery.
The latest buzz out of the automotive world is from Calgary's Motive Industries, which announced recently it would introduce an electric car whose bio-composite body is made from hemp.
When economic times are tough, one of the first remedies we
see is a cut in interest rates. That's been true in a big way over
the past few years, which helped businesses cut their operating
costs and consumers who wanted to buy a home or car.