Stock Market Impact: TerraVest Industries Inc (TSX:TVK) shares fell 31.9% on Friday, 6 June 2026 after the Autorité des Marchés Financiers (AMF) alleged that executive chairman Charles Pellerin tipped off family members and acquaintances ahead of the public announcement of the company’s $780 million acquisition of American tank‑trailer maker Entrans.
Listed Companies and Sectors: The alleged insider information dates back to at least 12 December 2024. TerraVest announced the Entrans deal in March 2025, marking the largest transaction in its history. The AMF calculated theoretical illicit profits using a share price of $108.71 the day before the announcement and a peak of $149.76 one week later (a 38% rise). Nine individuals – including Pellerin’s spouse Mylène Lavigne, father Yvon Pellerin, sons Maxime, Alexandre and Jérémy, financier Jean‑Philippe Choquette and three unnamed businessmen from Centre‑du‑Québec – are suspected of gaining nearly $6.8 million, with Choquette alone profiting over $3.2 million via his spouse and Yvon Pellerin about $2.6 million. Charles Pellerin chairs the board and holds more than 15% of TerraVest, a stake valued at over $500 million. No charges have been filed yet.
