The Successful Investor Hotline – Friday, June 6, 2014

Article Excerpt

NORDION INC., $13.89, Toronto symbol NDN, gained 8% this week in response to a new takeover offer. The company recently accepted a $12.25 U.S.-a-share friendly bid from Sterigenics, a privately held Illinois firm that sterilizes surgical tools, drug ingredients and other materials. However, Nordion now says it has received a $12.50-U.S.-a-share offer from an undisclosed bidder. That prompted Sterigenics to raise its bid to $13.00 U.S. On Friday, shareholders voted to accept the $13.00 U.S. offer. Sterigenics expects to complete the takeover in the second half of 2014. Nordion is still a hold. Nordion was recently covered in The Successful Investor Hotline for May 30, 2014. Click here to access it. Nordion was recently covered in The Successful Investor Hotline for May 9, 2014. Click here to access it. CAE INC., $14.87, Toronto symbol CAE, has won a contract to build a naval warfare training system for the Swedish Navy. This system includes simulators, software and other equipment for training sailors how to react in a variety of…