acquisition

ROYAL BANK OF CANADA $99 (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.5 billion; Market cap: $148.5 billion; Price-to-sales ratio: 3.8; Dividend yield: 3.7%; TSINetwork Rating: Above Average; www.rbc.com) is Canada’s largest bank by market cap....

Both Emera and Fortis have used acquisitions to expand beyond their home markets in Atlantic Canada. We generally take a skeptical view of companies that grow their businesses that way. Hidden problems with new operations can offset the expected profit gains.

However, their new operations are rate-regulated utilities with predictable revenue streams....

Both Emera and Fortis have used acquisitions to expand beyond their home markets in Atlantic Canada. We generally take a skeptical view of companies that grow their businesses that way. Hidden problems with new operations can offset the expected profit gains.

However, their new operations are rate-regulated utilities with predictable revenue streams....

A: Teva Pharmaceutical Industries Ltd. (ADR), $15.89, symbol TEVA on Nasdaq (ADRs outstanding: 1.0 billion; Market cap: $16.4 billion; www.tevapharm.com), is a global pharmaceutical company that develops, manufactures and markets generic drugs and active pharmaceutical ingredients....

A: AutoCanada Inc., $23.44, symbol ACQ on Toronto (Shares outstanding: 27.5 million; Market cap: $638.4 million; www.autocan.ca), has 57 franchised car dealerships in eight provinces.

The company sells 22 makes of vehicles, including Chrysler, Dodge, Jeep, Ram, Fiat, Chevrolet, GMC, Buick, Cadillac, Nissan, Hyundai, Subaru, Audi, Volkswagen, Mercedes and BMW....

A: Dream Global REIT, $11.05, symbol DRG.UN on Toronto (Units outstanding: 175.1 million; Market cap: $1.9 billion; www.dream.ca/global), is a Canadian real estate investment trust that focuses on investing outside the country....

ALGONQUIN POWER & UTILITIES $13.36 (Toronto symbol AQN; Shares outstanding: 273.3 million; Market cap: $5.2 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.4%; www.algonquinpower.com) will buy the St. Lawrence Gas Company for $70.0 million U.S.

The seller is ENBRIDGE INC....

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $40.51 (Toronto symbol AP.UN; Units outstanding: 92.7 million; Market cap: $3.8 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.8%; www. alliedreit.com) owns 157 office buildings, mainly in major Canadian cities....

Pembina has now completed its acquisition of Veresen Inc. for $9.7 billion. The purchase is a great fit for the company: Veresen’s assets, including its 50% stake in the Alliance natural-gas pipeline, will broaden Pembina’s operations and its U.S. exposure. Veresen should also boost Pembina’s cash flow and dividends—and, so, its share price.

PEMBINA PIPELINE $43.17 (Toronto symbol PPL; Shares outstanding: 403.0 million; Market cap: $17.4 billion; TSINetwork Rating: Average; Dividend yield: 4.0%; www.pembina.com) owns pipelines that carry almost all of B.C.’s oil and half of Alberta’s conventional oil....

A: Sanofi (ADR), $49.70, symbol SNY on New York (ADRs outstanding: 2.5 billion; Market cap: $126.1 billion; en.sanofi.com) is a global pharmaceutical company based in France. It has more than 100,000 employees and 87 manufacturing plants around the world, with products sold in more than 170 countries.

Sanofi operates five global business units: Diabetes & Cardiovascular, Specialty Care (MS, Oncology, etc.), Vaccines, General Medicines & Emerging Markets, and Consumer Healthcare.

The company’s shares have moved up this year, thanks to strong demand for its multiple sclerosis drugs and vaccines in emerging markets....