Globe says profitable change afoot at Detour, others

Globe says profitable change afoot at Detour, others

Detour Gold Corp (C:DGC)
Shares Issued 112,650,345
Last Close 10/25/2012 $27.47
Friday October 26 2012 - In the News

Also Tethys Petroleum Ltd (C:TPL) In the News
Also Nordion Inc (C:NDN) In the News
Also Tembec Inc (2) (C:TMB) In the News
Also Carpathian Gold Inc (C:CPN) In the News
Also NovaGold Resources Inc (2) (C:NG) In the News

The Globe and Mail attempts to identify Canadian holdings of well-known activist investors in its Thursday, Oct. 25, edition. The Globe's Ian McGugan writes in the Number Cruncher column that activist investors buy large interests in publicly held corporations because they want to drive change and thereby realize a profit on their investment. Once viewed as corporate raiders, today's activist investors are more interested in fixing companies and finding ways to increase value. Mr. McGugan says their presence can be a clue that profitable change is afoot at a firm. Mr. McGugan only considered companies with at least $100-million in market capitalization. Mr. McGugan defined significant investments as those greater than 10 per cent of the company's market capitalization. Mr. McGugan found that: Paulson & Co. owns 13.54 per cent of Detour Gold; Pope Asset Management owns 11 per cent of Tethys Petroleum; West Face Capital owns 13.18 per cent of Nordion; Steelhead Partners owns 12.89 per cent of Tembec; Baupost Group owns 18.79 per cent of Carpathian Gold; and Paulson & Co. owns 12.86 per cent of NovaGold Resources.

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