Topic: Dividend Stocks

NORDION INC. $14 – Toronto symbol NDN

NORDION INC. $14 (Toronto symbol NDN; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 61.9 million; Market cap: $866.6 million; Price-to-sales ratio: 2.6; No dividends paid since July 2012; TSINetwork Rating: Extra Risk; www.nordion.com) has accepted a $13.00 U.S.-a-share friendly bid from Sterigenics, a privately held Illinois firm that sterilizes surgical tools, drug ingredients and other materials.

Sterigenics expects to complete the takeover in the second half of 2014. Nordion shareholders should tender their shares to receive the full $13.00 U.S. without paying brokerage fees.

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