BAT to sell Rothman's Canadian arm

Article Abstract:

British America Tobacco PLC (BAT) will sell the Canadian tobacco interests of the Netherlands-based Rothmans International BV if the merger of the two firms is completed. Federal antitrust regulators are expected to oppose the creation of a company that would control almost 90% of the cigarette and fine-cut tobacco market in Canada. Toronto, Canada-based Rothmans Inc, 71.2%-owned by Rothmans, controls a 60% stake in the operating entity, Rothmans Benson & Hedges Inc, while the remaining stake is owned by Philip Morris Companies Inc.

Canada, Netherlands, Animal Slaughtering and Processing, Meat Products, Tobacco Products, Tobacco Manufacturing, British America Tobacco PLC, Rothmans International BV

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Sleeman uncaps Quebec market with acquisition

Article Abstract:

Sleeman Breweries Ltd. of Guelph, Ontario, has agreed to acquire Brassiere Seigneuriale Inc., a small brewery in Boucherville, Quebec. Although the cash purchase is not large enough to make a significant dent on Sleeman's books, the deal will give Sleeman access to Quebec's beer market and a new line of super-premium beers. Seigneuriale produces four super-premium, Belgium-style beers, which offer margins 50% higher than Sleeman's own ale and lagers. Super-premium brands account for 1% of Quebec's total beer sales.

Comment:

Agrees to acquire Brassiere Seigneuriale Inc., a small brewery in Boucherville, Quebec

Beer & Other Malt Beverages, Breweries, Quebec, Ontario, Malt beverages, Brassiere Seigneuriale Inc., Sleeman Breweries Ltd.

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Thomson Travel sold for $2.8-billion (U.S.)

Article Abstract:

Thomson Corp. of Toronto, Ontario, has sold Thomson Travel Group PLC for US$2.8 billion or 1.7 billion pounds sterling. The company expects to net at least $2.05 billion and gain $1.3 billion from the 100% sale of the British travel operation. The retail offer was grown to 17% of shares from the 10% initially proposed to accomodate more than half a million applications. The Thomson family, which is buying 19.2% of the travel issue may grow its stake to 20% after unconditional trading is permitted in the issue.

Comment:

Has sold Thomson Travel Group for US$2.8 billion or 1.7 billion pounds sterling

Travel Agents, Travel Agencies, Thomson Corp., Thomson Travel Group (North Quincy, Massachusetts)

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