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ConjuChem, GMP, Reitmans (Canada): Canadian Equity Preview
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By Jeff Kearns
Nov. 22 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets tomorrow. This preview includes news that broke after markets closed yesterday. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index rose 185.67, or 1.5 percent, to 12,602.30.
ConjuChem Biotechnologies Inc. (CJB CN): The drug developer filed for an offering of 57.7 million units at 65 cents each. The shares rose 2 cents, or 3.1 percent, to 66 cents.
GMP Capital Trust (GMP-U CN): The Canadian investment bank will pay a special dividend of 50 cents a unit to shareholders of record as of Dec. 29. The shares rose 43 cents, or 2.2 percent, to C$19.73.
Reitmans (Canada) Ltd. (RET/A CN): The country's biggest retailer of specialty women's clothing may report third-quarter earnings of 33 cents a share, the average of two estimates in a survey by Thomson Financial, which disclose the parameters of its estimates to Bloomberg News. Reitmans rose 12 cents to C$22.02.
Van Houtte Inc. (VH CN): The seller of coffee products said in a statement distributed by Canada NewsWire that it raised its 2007 earnings guidance to 88 cents to 96 cents a share, excluding some items. Analysts expect 88 cents, the average of five estimates in a survey by Thomson. Van Houtte fell 2 cents to C$17.68.