Canada’s Garda World jumps after Reuters sale report

Shares in Canada’s Garda World Security Corp rose 13 percent on July 23 after Reuters reported it may sell its cargo airline business assets to reduce debt and is confident of meeting all financial covenants. In an exclusive interview with Reuters, CEO Stephan Cretier said he had discussions with different parties regarding the sale of the C$100 million-a-year business. The news was unmatched by Bloomberg and Dow Jones.