Market Sinks As Gold Loses Shine

Summary


Bell Globemedia proposed to take over CHUM Ltd. in a friendly deal valued at $1.7 billion. CHUM shares were halted on the TSX during the session and the non-voting stock closed Tuesday at $30.80.

Bell Globemedia is offering $47.25 per non-voting share for CHUM's widely held non-voting stock and $52.50 per share for the voting stock owned 88.6 per cent by the founding Waters family

Toronto's S&P/TSX composite index was off 21.91 points to 11,771.07, after three sessions of gains.

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Market Sinks As Gold Loses Shine

What the brokers say...

TORONTO -- The Toronto stock market finished lower yesterday as...

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