Wi-Lan Jumps Most Since 2011 After Samsung Deal: Toronto Mover
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Wi-Lan Inc., a Canadian owner of patents for wireless products, rose the most in more than two years after renewing a deal with Samsung Electronics Co. for technology used in the South Korean smartphone maker’s devices.
Wi-Lan jumped 11 percent to C$4.71 at the close in Toronto, the biggest one-day gain since May 2011. The stock has risen 4 percent this year.