Composite Index: Chris King

Chris King: The S P/TSX composite index edged up 4.73 points to 12,811.2, according to Times Colonist. "This deal is an excellent example of another great Canadian takeunder, as opposed to takeover," observed Chris King, portfolio manager at Morgan, Meighen and Associates and TORONTO - The Toronto stock market closed little changed Monday as resource stocks failed to benefit from strong Chinese manufacturing data while BlackBerry shares TSX:BB Nasdaq:BBRY finished flat following a move to take the company private. BlackBerry has signed a letter of intent with a consortium led by its biggest shareholder, Fairfax Financial TSX:FFH , that involves shareholders getting US$9 a share. The Waterloo, Ont.,-based company's shares were unchanged from Friday at $9.08 as some analysts were clearly unimpressed by the offer. On the Nasdaq, the shares rose 9.5 cents to US$8.82. (www.immigrantscanada.com). As reported in the news.