Press digest-Canada - October 14
HR•Canadian newspapers reported a founder-backed $3.4-billion takeover bid for H&R Real Estate Investment Trust facing growing opposition; Lightspeed Commerce said 250 roles will be impacted; and TC Energy closed a deal giving five First Nations an economic interest in Coastal GasLink.
1. Canadian newspaper stories
A founder-backed takeover bid for H&R Real Estate Investment Trust is facing growing opposition ahead of proxy advisory service recommendations that could kill the $3.4-billion acquisition. Dominion Dynamics signed a memorandum of understanding with Ukrainian ground robotics company Tencore to manufacture uncrewed ground vehicles in Ottawa.
2. Company developments
Montreal-based Lightspeed Commerce said 250 roles will be impacted as it lays off staff and opts not to fill some vacancies. TC Energy said it closed a deal giving five First Nations an economic interest in the Coastal GasLink pipeline.
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