Alberta Energy makes bid for spinoff

Article Abstract:

Alberta Energy Co. Ltd. (Calgary), reversing the direction it took three years ago, has offered to buy the shares of AEC Pipelines LP (Calgary) it does not already own for $288-million in shares. AEC Pipelines said the deal to purchase 30% of the company is fair and recommended it to shareholders. Alberta Energy is offering 0.1552 common shares for the 32 million outstanding class A shares of AEC Pipelines, which works out to $9 a share based on AEC's trading price Thursday of $57.85 a share.

Alberta Energy Company Ltd., AEC Pipelines L.P.

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Energy firms shunning acquisitions: experts

Article Abstract:

Energy industry experts think Canadian energy companies do not have the same reasons to acquire domestic oil companies as compared to U.S. energy firms. Many analysts see Canadian firms as being more conservative and more debt-adverse than U.S. companies.

United States, Acquisitions & mergers, Management dynamics, Methods, Management, Acquisitions and mergers, Energy industries, Energy industry

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Husky Energy confirms takeover talks

Article Abstract:

Husky Energy Inc. acknowledged that it was engaged in preliminary acquisition discussions with anonymous parties. The oil company has been surrounded by rumors of a possible acquisition by another company.

Planning, Husky Energy Inc.

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