well seems like the adr is trading at the exact exchange rate to the Canadian shares, or .08 cents. Its at the 27.5 today in toronto, the website does say u.s 27.50 but I wonder if there is some sort of converison for the adr to the canadian shares.
Seems like that 8 cents would be quite and arb trade for the next 13 days if it was not currency related?
Thanks, but I am looking for something from Edgar or the Canadian equivalent. The author from your link says the Progress Energy sale is for $22.00 but doesn't state USD or CAD. Progress shares closed today at $21.96 CAD and are at $22.23 USD on OTC. The would imply the deal is priced at 22.00 CAD not USD. It's not a big deal but could mean an extra 1.2% before year end.