TSX Top Traders: (XIU), (BTO), (NXY), (K)
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Visit: Kinross Gold Corp.
New York, New York - February 26, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top traders on the TSX for February 26th, 2013.
iShares S&P/ TSX 60 Index (TSX:XIU) trading at $18.320 dropped by $-0.010 or -0.05% on a volume of 7,203,106 shares, making it today's top trader on the TSX.
B2Gold Corp., (TSX:BTO) trading at $3.190 gained $0.060 or 1.92% on a volume of 4,137,918 shares.
Nexen Inc., (TSX:NXY) trading at $28.220 rose by $0.070 or 0.25% on a volume of 3,879,372 shares.
Nexen Inc. announced yesterday that CNOOC Limited has completed its acquisition of the Company. Pursuant to the plan of arrangement, holders of Nexen common shares will receive cash proceeds of US $27.50 , without interest, and holders of Nexen preferred shares will receive cash proceeds of CAD $26.00 , plus accrued and unpaid dividends up to, but excluding, the closing date of the Arrangement, without interest.
Kevin Reinhart will continue as CEO of Nexen and will maintain responsibility for all of Nexen's operations. The Company's Calgary headquarters will continue to be responsible for managing all of Nexen's existing assets as well as CNOOC Limited's North and Central American assets.
Kinross Gold Corp., (TSX:K) trading at $8.140 moved up $0.110 or 1.37% on a volume of 3,642,349 shares.
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