Amber accepts Alberta Energy bid

Article Abstract:

Amber Energy Ltd. has agreed to a more attractive C$476-million acquisition offer from Alberta Energy Company Ltd. Alberta Energy enhanced its takeover offer by raising its bid to C$7.50 per share, or 0.225 share of Alberta Energy stock for every share of Amber, from C$7.00 a share, or 0.215 Alberta Energy share for each Amber share. Richard Lewanski, president and CEO of Amber, said that the offer is advantageous for its shareholders although they still hold that Amber is worth more than C$7.50 a share. Observers say that the companies complement each other, noting that properties of the two overlap in the natural gas fields in Primrose in Canada's Alberta province and the oil patch of Pelican Lake, also in Alberta.

Comment:

Is to acquire Amber Energy Ltd after the latter agreed to a C$476-million acquisition offer

Natural Gas, Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Petroleum industry, Petroleum, Gas industry, Alberta Energy Company Ltd., Article, Amber Energy Inc.

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GTC to buy Webmaster printer

Article Abstract:

Webmaster Inc, a Halifax, Canada-based newspaper printer, will be acquired by Montreal, Canada-based GTC Transcontinental Group Ltd, which prints magazines and flyers such as The Globe and Mail in Ontario, Canada, and Quebec, Canada. The transaction helps GTC strengthens its relationshi with the Globe and Mail at the same time filling a void in its stable of printing facilities.

Printing, Webmaster Inc.

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