Calian expands in nuclear services

Article Excerpt

CALIAN GROUP, $55.49, is a buy. The company (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.com; Shares o/s: 11.8 million; Market cap: $656.7 million; Dividend yield: 2.0%) has completed a transaction with MDA Ltd (symbol MDA on Toronto) to purchase assets associated with MDA’s nuclear services. Calian Nuclear has been serving the Canadian and international markets for over 25 years. The addition of MDA’s nuclear team to Calian should be a good fit, including the ability to better serve their mutual client, Bruce Power. Additionally, Calian Nuclear can better support operations of existing nuclear facility clients. Calian Group is a buy. buy…