By Sapna Maheshwari
Sept. 24 (Bloomberg) -- Shares of the following companies may have unusual moves in Canadian trading tomorrow. Stock symbols are in parentheses.
The Standard & Poor’s/TSX Composite Index fell 231.78 points, or 2 percent, to 11,285.76 today.
Agrium Inc. (AGU CN): Terra Industries Inc. (TRA US) said it plans to pay a $750 million dividend to shareholders as it seeks to thwart CF Industries Holdings Inc.’s (CF US) hostile takeover attempt. Agrium, North America’s third-largest fertilizer producer, is trying to purchase CF.
CanWest Global Communications Corp. (CGS CN): The owner of Canada’s Global television network and National Post newspaper’s sale of its 50.1 percent stake in Ten Network has been well received by investors, the Australian Financial Review reported in its Street Talk column, without saying where it got the information.
Research In Motion Ltd. (RIM CN): The company forecast third-quarter sales that missed analysts’ estimates, signaling the BlackBerry maker may sell phones at lower prices to compete with Apple Inc.’s (AAPL US) iPhone. The shares fell as much as 12 percent in U.S. trading following the projection.
To contact the reporter on this story: Sapna Maheshwari in New York at smaheshwar11@bloomberg.net.
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