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Groupe Laperriere & Verreault (TSE GLV.A) modified: June 12, 2009 *************************
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GLV is a
leading global provider of technological solutions used in water treatment and
pulp and paper production.
The Water Treatment Group (also known worldwide as “Eimco Water
Technologies”) specializes in the design and international marketing of
solutions for the treatment and recycling of municipal and industrial
wastewater, as well as water used in various industrial processes. It also
offers water intake screening solutions for power stations and desalination
plants. With its extensive technological portfolio, the group is positioned to
provide comprehensive solutions for the filtration, clarification, treatment and
purification of water that will either be returned into the environment, or be
re-used in various industrial processes or for domestic purposes.
The Pulp and Paper Group specializes in the design and global
marketing of equipment and systems used in various stages of pulp and paper
production, notably chemical pulping, pulp preparation and sheet formation and
finishing. This group ranks among the foremost players in its industry and is a
recognized leader in rebuilding, upgrading and optimization services for
existing equipment, as well as the sale of spare parts.
Recent News: Third-Quarter Results for GLV Inc
....... BMO Capital Markets……. Feb 12, 2009 Target raised to $11.50 from $10.50 GLV.A Price day before: $9.01 Finish day of posting:$9.00Current:$9.00 ************* ....... Laurentian Bank……. Feb 12, 2009 Target raised to $11.00 from $10.00 GLV.A Price day before: $9.01 Finish day of posting:$9.00Current:$9.00 ************* Anthony Zicha....... Scotia Capital……. Feb 12, 2009 Maintained SECTOR PERFORM Target raised to $9.50 from $9.00 GLV.A Price day before: $9.01 Finish day of posting:$9.00Current:$9.00 ************* Damir Gunja .......TD NewCrest ……Feb 12, 2009 Maintained HOLD Target raised to $9.00 from $8.00 GLV.A Price day before: $9.01 Finish day of posting:$9.00Current:$9.00 -------Aug 10, 2009----- Maintained HOLD Target reduced to $8.00 from $8.50C GLV.A Price day before: $7.95 Finish day of posting:$7.75Current:$9.00 -------June 12, 2009------ Maintained HOLD GLV.A Price day before: $8.10 Finish day of posting:$8.25Current:$9.00 ************* Frederic Bastien .......Raymond James……Sept 23, 2009 Upgraded to STRONG BUY from OUTPERFORM Target raised to $12.00 from $10.00C GLV.A Price day before: $7.34 Finish day of posting:$8.50Current:$9.00 ********* .......RBC Capital Markets ……Aug 06, 2009 Maintained SECTOR PERFORM Target $10.00C GLV.A Price day before: $7.79 Finish day of posting:$7.99Current:$9.00 ************* Avi Dalfen ....... Blackmont Capital……Aug 22, 2008 Maintained BUY GLV.A Price day before: $12.51 Finish day of posting:$12.75Current:$9.00
Important Note regarding the previous value of GLV.A shares: On April 20, 2007, Groupe Laperrière & Verreault Inc. (“GL&V”), a Canadian corporation incorporated in 1975 and specializing in the design and worldwide marketing of various technological solutions (mainly for water treatment, pulp and paper production and ore processing applications) announced the signing of an agreement with the Danish company FLSmidth & Co. A/S (“FLS”) under a Plan of Arrangement (the “Arrangement”). Pursuant to the Arrangement, GL&V transferred its Water Treatment Group, its Pulp and Paper Group and its Manufacturing Unit into a new corporation, GLV Inc., which was spun off to GL&V’s shareholders and subsequently listed on the TSX Exchange. Immediately after the transfer, FLS acquired all the Class A subordinate voting shares and Class B multiple voting shares outstanding of GL&V, thereby becoming the owner of 100% of GL&V’s Process Group, for a cash consideration equivalent to $33.00 per share of GL&V and the assumption of the net debt, with the exception of a net debt of $50 million to be assumed by the new corporation GLV. Pursuant to the Arrangement, each GL&V shareholder received, for each share held, a consideration of $33.00 in cash and one share of the new corporation GLV of the same class (Class A subordinate voting or Class B multiple voting). Anthony Zicha....... Scotia Capital……. June 09, 2007 Maintained SECTOR PERFORM Price Target raised to $42.00 from $41.00 GLV.A Price day before: $41.60 Finish day of posting:$41.40Current:$40.10 -------May 30, 2006------- Price Target raised to $30.00 from $24.00 (Target Hit Dec 04, 2006) GLV.A Price day before: $27.50 Finish day of posting:$27.80Current:$40.10 ------Feb 03, 2006------- Price Target raised to $24.00 from $19.00 (Target Hit Mar 10, 2006) GLV.A Price day before: $22.21 Finish day of posting:$23.91Current:$40.10 ***************** Bert Powell ....... BMO Nesbitt Burns……. Apr 23, 2007 Downgraded to MARKET PERFORM from OUTPERFORM Price Target raised to $42.50 from $36.00 GLV.A Price day before: $40.49 Finish day of posting:$40.27Current:$40.10 -----May 30, 2006------ Maintained OUTPERFORM Price Target raised to $31.00 from $26.00 (Target Hit Dec 04, 2006) GLV.A Price day before: $27.50 Finish day of posting:$27.80Current:$40.10 ------Feb 03, 2006--------- Maintained OUTPERFORM Price Target raised to $26.00 from $21.00 (Target Hit Mar 21, 2006) GLV.A Price day before: $22.21 Finish day of posting:$23.91Current:$40.10 ***************** Pierre Lacroix ....... Desjardins Securities……Apr 23, 2007 Downgraded to HOLD from BUY Price Target raised to $42.00 from $35.00(Target Hit June 05, 2007) GLV.A Price day before: $40.49 Finish day of posting:$40.27Current:$40.10 -------Apr 19, 2007------- Maintained BUY Price Target raised to $35.00 from $33.00 (Target Hit Apr 20, 2007) GLV.A Price day before: $29.30 Finish day of posting:$29.50Current:$40.10 --------Apr 02, 2007--------- Maintained BUY Price Target $33.00 (Target Hit Apr 20, 2007) GLV.A Price day before: $29.74 Finish day of posting:$29.74Current:$40.10 ------Aug 03, 2006-------- Maintained BUY Price Target $31.50 (Target Hit Dec 06, 2006) GLV.A Price day before: $26.50 Finish day of posting:$25.85Current:$40.10 -----May 31, 2006------- Upgraded to BUY from HOLD Price Target raised to $31.50 from $25.00 (Target Hit Dec 06, 2006) GLV.A Price day before: $27.50 Finish day of posting:$27.80Current:$40.10 ------May 16, 2006-------- Maintained HOLD Price Target raised to $25.00 from $22.00 (Target Hit) GLV.A Price day before: $27.75 Finish day of posting:$26.10Current:$40.10 -----Feb 03, 2006---- Maintained HOLD Price Target raised to $22.00 from $18.00 GLV.A Price day before: $22.21 Finish day of posting:$23.91Current:$40.10 ***************** Avi Dalfen ....... Blackmont Capital……Apr 23, 2007 Maintained BUY Price Target $42.00 (Target Hit June 05, 2007) GLV.A Price day before: $40.49 Finish day of posting:$40.27Current:$40.10 ----Dec 29, 2006------- Maintained BUY GLV.A Price day before: $31.25 Finish day of posting:$30.50Current:$40.10 --------Sept 07, 2006----- Maintained BUY GLV.A Price day before: $24.75 Finish day of posting:$25.40Current:$40.10 ----July 20, 2006------ Maintained BUY GLV.A Price day before: $24.25 Finish day of posting:$24.20Current:$40.10 ------May 30, 2006------- Maintained BUY Price Target raised to $33.00 from $27.25 (Target Hit Apr 20, 2007) GLV.A Price day before: $27.50 Finish day of posting:$27.80Current:$40.10 ------Apr 24, 2006-------- Maintained BUY GLV.A Price day before: $26.00 Finish day of posting:$25.90Current:$40.10 --------Feb 02, 2006---- Maintained BUY GLV.A Price day before: $21.65 Finish day of posting:$22.21Current:$40.10 ***************** Frederic Bastien ....... Raymond James…….Apr 24, 2006 Price Target raised to $30.00 from $25.00 (Target Hit Nov 30, 2006) GLV.A Price day before: $26.00 Finish day of posting:$25.90Current:$40.10 -----Feb 03, 2006--------- Price Target raised to $25.00 from $22.50 (Target Hit Mar 15, 2006) GLV.A Price day before: $22.21 Finish day of posting:$23.91Current:$40.10 ***************** Anthony Grascia ....... Dundee Securities…….Mar 29, 2006 Price Target raised to $29.00 from $25.50 (Target Hit May 05, 2006) GLV.A Price day before: $25.50 Finish day of posting:$24.75Current:$40.10 -------Feb 03, 2006-------- Price Target raised to $25.50 from $20.15 (Target Hit Mar 21, 2006) GLV.A Price day before: $22.21 Finish day of posting:$23.91Current:$40.10 ***************** Martin Goulet ....... National Bank Financial……. Feb 03, 2006 Price Target raised to $19.00 from $17.00 GLV.A Price day before: $22.21 Finish day of posting:$23.91Current:$40.10 *****************
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