Canada Will Try to Stop Varity’s U.S. Move

From Associated Press

Canada’s Varity Corp., a major farm equipment maker, wants to move headquarters across the border to attract U.S. investors, but a Canadian official said his government would sue to block a move.

Varity is considering moving its headquarters from Toronto to Buffalo to make its stock more attractive to U.S. investors, said a company spokesman, who spoke on condition of anonymity. The Canadian government imposes a 15% withholding tax on dividends, the spokesman said Monday.