Cymat, Norsk in aluminum foam deal (Norsk Hydro ASA and Cymat Corp.)

Article Abstract:

Mississauga-based aluminum processor Cymat Corp., has sold 14% of its shares to Norwegian industrial conglomerate Norsk Hydro ASA, in return for Norsk Hydro's technology to produce aluminum foam for the automotive market. Cymat Corp., has been developing aluminum foam on its own.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Production management, Electric services, Hydroelectric Power, Hydroelectric Power Generation, Norway, Use of Funds, Primary aluminum, Aluminum, Primary Aluminum Production, Investments, Aluminum industry, Aluminum products, Norsk Hydro ASA, Cymat Corp.

---

Investors redeem fewer funds in Dec

Article Abstract:

Redemptions of mutual funds in Canada dropped during the December 2002 period. Redemptions fell 59% to 238.2 million Canadian dollars for the period.

Investment Offices, Mutual Fund Mgmt Companies, Portfolio Management, Mutual funds, Mutual fund industry, Company financing

---

INmet Mining deal a boost to cash position

Article Abstract:

Inmet Mining Corp. is holding C$553 million in cash and stands to see the amount increase to C$533 million from two deals that include a sale of a major interest in a copper refinery in Germany. However, the company has to pay off C$125 million in debentures in 1999 and C$60 million in capital spending in 1998 and future environmental liabilities of C$135 million. Inmet president and CEO Bill James said the company is also considering all options in response to a proposed takeover bid from Zemex Corp. Zemex is expected to officially launch its takeover offer for C$5 per share or C$517 million for Inmet.

Comment:

Holds C$553-mil cash and stands to see amount up to C$533 mil from 2 deals including sale of major stake in German copper plant

Mining & Extractive Industries, Mining, Inmet Mining Corp., Article

Similar abstracts:

• Abstracts: Noranda sells 4% stake in gold miner Newmont to U.S. dealer for $246-million. Noranda acquires stake in Rio Algom
• Abstracts: Transition therapeutics confident of deal with Novo on diabetes treatment. World Heart shuffles top two executives
• Abstracts: Barrick bets on Pierina mine for major gold production boost. Barrick says it pursued Bre-X till the end
• Abstracts: Torstar reports loss in quarter (Torstar Corp.'s fourth quarter earnings). Torstar eyes its own free subway paper
• Abstracts: Thomson, BCE plan alliance; multimedia powerhouse would include The Globe, CTV, Sympatico - and maybe the Toronto Maple Leafs

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.