Laidlaw revises Greyhound offer terms
Article Abstract:
Laidlaw Inc., a Burlington, Ontario-based bus company, has revised the terms of its bid to acquire Dallas, TX-based Greyhound Lines Inc. The move was a response to the threat of a suit from Greyhound's preferred shareholders, who are opposed on the inclusion of their high-yielding outstanding preferred shares in the Laidlaw acquisition offer. The original bid calls for the acquisition of all the common and preferred Greyhound shares for $6.50 a share, or a total of $650 million. In the new terms, Laidlaw withdraws from buying Greyhound's outstanding preferred shares, but preferred shareholders have the choice to convert their shares for the same price offered to Greyhound's common shares.
Comment:
Revises the terms of its bid to acquire Dallas, TX-based Greyhound Lines Inc for $650 mil as a response to threat of a lawsuit
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Southam to sell 10 small B.C. publications
Article Abstract:
Southam Inc., based in Toronto, Ontario, will sell 10 small British Columbia publications to settle a legal dispute with the Competition Bureau over its aggressive presence in the Vancouver, British Columbia, market. Under the settlement, Southam must buy the 37% it does not yet own in Lower Mainland from Vancouver-based Madison Venture Corp. In exchange, Madison will get several publications now controlled by Lower Mainland such as the Sunshine Coast Reporter, Squamish Chief, Business in Vancouver, the Northern Shore edition of Real Estate Weekly, SportsVue, Lillooet News, Western Investor, Powell River Peak, Whistler Question and Employment Paper.
Comment:
Will sell 10 small Brit Colum publications to settle dispute w/ Competition Bureau over presence in Vancouver, Brit Colum, mkt
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Comment about this article or add new information about this topic:
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