Company News

PRESS DIGEST- Canada-July 23

July 23 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** SNC-Lavalin Group Inc's biggest investor Caisse de depot et placement du Quebec (CPDQ) issued a rare rebuke of the company's current direction on Monday, just hours after the Canadian engineering giant announced a shift in corporate strategy and provided a worsening picture of its financial health.

** Private-equity firm DW Healthcare Partners on Monday closed a $610 million fund, its fifth, with company's founder Andrew Carragher declining to disclose the investors by name, but said the Canadian participants include "insurance companies, some banks, two high-networth families and a Canadian pension plan."

** Catalyst Capital Group Inc has launched a bid for shares in Hudson's Bay Co and plans to offer C$10.11 ($7.69) per share in an effort to increase its holdings of shares not controlled by a group led by department store chain's executive chairman, Richard Baker.


** Aimia Inc launched a lawsuit on Monday against its largest shareholder, Mittleman Brothers LLC, alleging the New York-based investment firm violated a contractual detente by engineering a "covert campaign" to disrupt Aimia's 2019 annual general meeting and take over the company.

** Huawei Canada is pitching itself as an ally in the federal government's mission to improve internet connectivity in the North and announced on Monday that Canada's Ice Wireless and Iristel will use its equipment to build faster wireless connections in 70 rural and remote communities in the Arctic and northeastern Quebec by 2025. ($1 = 1.3142 Canadian dollars) (Compiled by Bengaluru newsroom)