01:25:29 EDT Tue 19 Mar 2024
Enter Symbol
or Name
USA
CA



Student Transportation Inc
Symbol STB
Shares Issued 95,178,880
Close 2018-04-23 C$ 9.62
Market Cap C$ 915,620,826
Recent Sedar Documents

Globe says Student Transportation riding high on bid

2018-04-24 08:07 ET - In the News

The Globe and Mail reports in its Tuesday edition that rising interest rates are generally bad news for dividend-paying stocks. Globe columnist Gordon Pape writes that as returns on safe government bonds rise, investors tend to shift more money away from stocks and into fixed-income assets. Some big names, however, have resisted the downward pressures and have held up well so far this year. One of these is Student Transportation. The share price spiked sharply in late February after the company announced it has agreed to a takeover by an investor group headed by Caisse de depot et placement du Quebec and Ullico Inc. Mr. Pape says that the offer represented a 27-per-cent premium to the average trading price of the stock over the previous 20 days. The deal is expected to close by the end of this quarter; in the meantime, the stock continues to trade. Student Transportation closed Monday at $9.62, up nine cents on the Toronto Stock Exchange.

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