Updating Nordion Inc., Precision Drilling Corp., and BlackBerry Ltd.

Article Excerpt

NORDION INC. $14 (www.nordion.com) recently accepted a $13.00 U.S.-a-share friendly takeover bid from Sterigenics, a privately held Illinois firm that sterilizes surgical tools, drug ingredients and other materials. Competition regulators in Canada and the U.S. have decided not to challenge the sale. The deal still needs other approvals, but Sterigenics expects to complete it by the end of 2014. Hold. PRECISION DRILLING CORP. $15 (www.precisiondrilling.com) has sold some of its trucking operations in Texas and New Mexico for an undisclosed sum. These assets included trucks and related equipment that Precision uses to move its drilling rigs. The cash from the sale will help the company expand its main contractdrilling operations. Buy. BLACKBERRY LTD. $11 (www.blackberry.com) dropped 10% in response to a new alliance between Apple and IBM. Under the terms of the deal, IBM will develop business-related apps for Apple’s popular iPhone and iPad mobile devices. That could hurt sales of BlackBerry’s smartphones. However, BlackBerry already makes servers and software that securely…