Company News

PRESS DIGEST- Canada-July 4

July 4 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Sensibill Inc, a Toronto start-up that provides digital receipt management technology to banks has raised US$31.5-million in venture financing, marking the fifth time in less than a month that a Canadian startup has raised C$30-million ($22.95 million)plus in financings led by Canadian investors.

** American private equity giant KKR has bought Corel Corp for a reported US$1-billion from Vector Capital, which bought control of the one-time Ottawa software star 16 years ago.

** Montreal real estate developer Group Mach Inc has pulled its offer to buy Transat AT Inc, a move that clears the way for Air Canada, which has an agreement to buy the airline and travel company at a lower price.

$1 = 1.3073 Canadian dollars Compiled by Bengaluru newsroom