Thyssenkrupp raises bid for Dofasco

Article Abstract:

The bidding war for Dofasco Inc. of Canada has been sweetened by ThyssenKrupp AG of Germany with an offer of 3.8 billion Euros (approximately $4.6 billion). The share bid offer was $68 Canadian Dollars ($58.62 United States Dollars). The challenge bid is in response to rival Arcelor S.A. of Luxembourg.

Germany, Blast furnaces and steel mills, Steel industry, Company Profile, Dofasco Inc., ThyssenKrupp AG

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Black to unload controlling stake in Hollinger

Article Abstract:

Conrad Black agrees to sell his controlling stake in Hollinger International to Press Holdings International amid an investigation alleging financial irregularities at the company and that Black may have stolen funds.

United States, Legal issues & crime, Financial management, Company legal issue, Company investment, Investments, Investigations, Newspaper publishing, Hollinger International Inc., HLR, Black, Conrad

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Great-West to buy Canada Life

Article Abstract:

Great-West Lifeco Inc. has reached a deal to acquire Canada Life Financial Corp. for US4.4 billion (4.08 billion euros). Canada Life is the largest life and health insurer in Canada.

Insurance industry, Canada Life Financial Corp., Great-West Lifeco Inc.

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