Norbord Inc. (TSX: T.NBD, Stock Forum) briefly hit $35.72 on before closing at $35.27, for an increase of 3.86%.
On Feb. 1, the international producer of wood-based panels announced a notice of intention to conduct a normal course issuer bid whereby Norbord would purchase up to 2,198,341 of its common shares, representing approximately 5% of the company's issued and outstanding common shares of 43,966,827 as of Jan. 22, 2013.
The second company to make the 52-week-high list was Canadian Utilities Ltd. (TSX: T.CU, Stock Forum). The stock hit a new peak of $79.29, before closing at $79.08, for an increase of 1.10%.
On March 5, the company said that as a result of strong investor demand for its previously announced offering of Cumulative Redeemable Second Preferred Shares Series CC, the size of the offering has been increased to 7,000,000 million shares.
The aggregate gross proceeds will now be $175 million.