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.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
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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.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
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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
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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