YBM'S largest shareholder pushes to replace board

Article Abstract:

YBM Magnex International Inc.'s biggest shareholder is calling for a shareholder's meeting, that will vote for a new board of directors. Toronto advisory firm VC & Co. Inc., which is working in behalf of the Canadian institutional investor, would not name the YBM shareholder. Wesley Voorheis, managing director of VC & Co., said there were talks between his client and YBM management as part of efforts to convince the board to step down amicably. Negotiations between the two parties, however, collapsed, which forced Voorheis' client to make a move.

Comment:

Its biggest shareholder is calling for a shareholder's meeting, that will vote for a new board of directors

Stockholder data, All Other Industrial Machinery Manufacturing, Industrial Electrostatic Eqp, YBM Magnex International Inc., Electrostatic devices, Article

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Cambridge and partner name mega-mall tenants

Article Abstract:

Cambridge Shopping Centres Ltd and Mills Corp have announced the initial anchor tenants of an entertainment and shopping mega-mall which they are planning to build in Vaughan, Ont. The planned mega-mall will have an area of 1.4 million square feet which will accommodate major discount outlets from the US, specialty stores, theme restaurants, cinemas and recreation facilities. Some of the anchors tenants will be Bed, Bath & Beyond, Group USA and Off Rodeo Drive Beverly Hills.

Canada, Land Subdivision and Land Development, Strategy & planning, Shopping Center Developers, Cambridge Shopping Centres Ltd.

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RioCan accuses realfund of delay

Article Abstract:

RioCan Real Estate Investment Trust will ask the Ontario Court's General Division to intervene and order RealFund to hold its unitholders meeting on May 21, 1999. RioCan has offered to acquire RealFund for C$370 million. However, RealFund has scheduled the unitholders' meeting on June 29, five weeks after RioCan's tender offer expires. RioCan also complained that RealFund has launched a program which allows trustees to buy units in the investment trust with borrowed funds.

Asset sales & divestitures, Acquisitions & mergers, Real Estate Invest Trusts, Real Estate Investment Trusts, RealFund

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