logo
Raymond James downgrades InterRent REIT Un (IIP.UN) to a Hold

Raymond James downgrades InterRent REIT Un (IIP.UN) to a Hold

Raymond James analyst Brad Sturges downgraded InterRent REIT Un (IIP.UN – Research Report) to a Hold today and set a price target of C$14.00. The company's shares closed today at C$13.59.
Confident Investing Starts Here:
According to TipRanks, Sturges is an analyst with an average return of -2.3% and a 43.84% success rate. Sturges covers the Real Estate sector, focusing on stocks such as Nexus Real Estate Investment, Flagship Communities REIT Investment Trust, and Parkit Enterprise.
In addition to Raymond James, InterRent REIT Un also received a Hold from Canaccord Genuity's Mark Rothschild in a report issued today. However, on May 20, CIBC maintained a Buy rating on InterRent REIT Un (TSX: IIP.UN).
The company has a one-year high of C$13.20 and a one-year low of C$9.40. Currently, InterRent REIT Un has an average volume of 500.7K.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Agrinam Acquisition Corporation Confirms Extension to Permitted Timeline and Reports Results of Special Meeting of Shareholders
Agrinam Acquisition Corporation Confirms Extension to Permitted Timeline and Reports Results of Special Meeting of Shareholders

Yahoo

time44 minutes ago

  • Yahoo

Agrinam Acquisition Corporation Confirms Extension to Permitted Timeline and Reports Results of Special Meeting of Shareholders

Toronto, Ontario--(Newsfile Corp. - June 12, 2025) - Agrinam Acquisition Corporation (TSX: AGRI.U) (the "Corporation") announced today that the ordinary resolution put to the holders (the "Class A Restricted Voting Shareholders") of the Corporation's Class A Restricted Voting shares at the special meeting of the Class A Restricted Voting Shareholders and the holders (the "Class B Shareholders") of Class B Shares of the Corporation held on June 10, 2025 (the "Meeting") to extend the date by which the Corporation has to consummate a qualifying acquisition from June 15, 2025 to September 15, 2025 (the "Extension") and a special resolution to approve an amendment (the "Amendment") to the amended and restated articles of the Corporation (the "Articles") were approved. The Amendment provides for an amendment to the definition of "Extension" and "Permitted Timeline" contained in section 28.2 of the Articles in order to permit the Corporation to extend the permitted timeline within which it must consummate its qualifying acquisition from up to 36-months to 39-months, thus allowing for the Extension. 100 % of the votes cast at the Meeting by Class A Restricted Voting Shareholders present or represented by proxy were cast in favour of the Amendment and 100 % were in favour of the Extension. Additionally, 100 % of the votes cast at the Meeting by Class A Restricted Voting Shareholders and by Class B Shareholders, voting as a single class, were cast in favour of the Amendment. The Amendment was to be passed by: (a) at least two-thirds of the votes cast at the Meeting by Class A Restricted Voting Shareholders present or represented by proxy and entitled to vote at the Meeting; and (b) at least two-thirds of the votes cast at the Meeting by Class A Restricted Voting Shareholders and by Class B Shareholders, voting as a single class present or represented by proxy and entitled to vote at the Meeting. Details of the voting results will be filed under the Corporation's profile on SEDAR+ at The Extension and the Amendment are conditional upon and remain subject to the approval of the Toronto Stock Exchange. About Agrinam Acquisition Corporation Agrinam Acquisition Corporation is a special purpose acquisition corporation incorporated under the laws of the Province of British Columbia for the purpose of effecting, directly or indirectly, an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination within a specified period of time. Forward-Looking Information This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Corporation's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Corporation's control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the risk that a qualifying acquisition may not be completed within the Corporation's permitted timeline or the potential failure to obtain an extension of the qualifying acquisition deadline if sought by the Corporation, the failure to satisfy the conditions to the consummation of any proposed qualifying acquisition, and the factors discussed under "Risk Factors" in the Corporation's preliminary long-form prospectus dated May 15, 2025. The Corporation does not undertake any obligation to update such forward looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. For further information contact: Agustin Tristan AldaveChief Executive OfficerAgrinam Acquisition To view the source version of this press release, please visit

Telus Corp. proposes to buy back full ownership of Telus Digital
Telus Corp. proposes to buy back full ownership of Telus Digital

Yahoo

time44 minutes ago

  • Yahoo

Telus Corp. proposes to buy back full ownership of Telus Digital

VANCOUVER — Telus Corp. has proposed to buy back full ownership of Telus International (Cda) Inc. in a proposal that values the company it spun off in 2021 at about US$940 million. Under the non-binding indication of interest, Telus says it will pay US$3.40 per share in cash or Telus shares or a combination of both for the shares in the company which operates as Telus Digital that it does not already hold. Telus International shares, which closed at US$2.96 on the New York Stock Exchange on Wednesday, were up 71 cents US at US$3.67 in trading Thursday. The shares were up 95 cents at C$5.00 in trading on the Toronto Stock Exchange. The company, which provides IT services and customer service to global clients, went public in 2021 with an initial public offering of US$25 per share. Telus already owns 57.4 per cent of the company's outstanding shares including 92.5 per cent of the multiple voting shares and 6.1 per cent of the subordinate voting shares, making its offer worth about US$400 million. Telus chief executive Darren Entwistle says the proposed deal will yield meaningful benefits for Telus Digital and Telus customers and investors. This report by The Canadian Press was first published June 12, 2025. Companies in this story: (TSX:T, TSX:TIXT) The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global's Methanol Business
Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global's Methanol Business

Yahoo

time44 minutes ago

  • Yahoo

Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global's Methanol Business

VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed. Accordingly, all regulatory approvals required for Methanex to close its previously announced acquisition of OCI Global's international methanol business have been obtained. The transaction is expected to close on June 27, 2025, and remains subject to the satisfaction of customary closing conditions. "We are pleased to have received regulatory clearance and look forward to closing the transaction and welcoming new team members to Methanex." said Rich Sumner, President and CEO of Methanex. "Given our extensive integration planning, we expect to move quickly upon closing to deliver the strategic benefits of this acquisition." Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at InquiriesSarah HerriottDirector, Investor RelationsMethanex Corporation 604-661-2600 or Toll Free: Forward Looking Statements This First Quarter 2025 Management's Discussion and Analysis ("MD&A") as well as comments made during the First Quarter 2025 investor conference call contain forward-looking statements with respect to us and our industry. These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Statements that include the word "expects," or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements. More particularly and without limitation, any statements regarding the following are forward-looking statements: anticipated closing date of the OCI acquisition and the expected benefits of the OCI acquisition, including benefits related to expected synergies and commodity diversification, anticipated synergies and Methanex's ability to achieve such synergies following closing of the OCI acquisition, and expected increase in methanol production of assets to be acquired as part of the OCI acquisition. We believe that we have a reasonable basis for making such forward-looking statements. The forward-looking statements in this document are based on our experience, our perception of trends, current conditions and expected future developments as well as other factors. Certain material factors or assumptions were applied in drawing the conclusions or making the forecasts or projections that are included in these forward-looking statements, including, without limitation, future expectations and assumptions concerning the following: future expectations and assumptions concerning the receipt of all regulatory approvals required to complete the OCI acquisition, and Methanex's ability to realize the expected strategic, financial and other benefits of the OCI acquisition in the timeframe anticipated or at all. However, forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. The risks and uncertainties primarily include those attendant with producing and marketing methanol and successfully carrying out major capital expenditure projects in various jurisdictions, including, without limitation: failure to complete the OCI acquisition in accordance with the material terms of the OCI acquisition agreement or at all, failure to close the OCI acquisition credit facility, unforeseen difficulties in integrating the business operations or assets purchased pursuant to the OCI acquisition into our business and operations, failure to realize the expected strategic, financial and other benefits of the OCI acquisition in the timeframe anticipated or at all, and unexpected costs or liabilities associated with the OCI acquisition. Having in mind these and other factors, investors and other readers are cautioned not to place undue reliance on forward-looking statements. They are not a substitute for the exercise of one's own due diligence and judgment. The outcomes implied by forward-looking statements may not occur and we do not undertake to update forward-looking statements except as required by applicable securities in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store