Barrington gives up fight against Sunoma

Article Abstract:

Barrington Petroleum Ltd. has dropped its poison pill defence against a hostile takeover by Sunoma Energy Corp. According to the company's chief executive officer, Brian Gore, he expects that two-thirds of the majority shareholders would accept Sunoma's C$222-million cash offer. Gore said that the company was not able to pursue other potential buyers due to a shortage of time and by dropping stock markets. Potential buyers withdrew their interest in the company because they did not want to be rushed into making a decision before the deadline for Sunoma's offer, which was set for Sep. 4, 1998.

Comment:

Has dropped its poison pill defence against a hostile takeover by Sunoma Energy

Stockholder data, Support Activities for Oil and Gas Operations, Oil & Gas Field Production Svcs, Barrington Petroleum Ltd.

---

Hearing set on Manalta poison pill

Article Abstract:

Manalta Coal Income Trust faces a hearing regarding its shareholder rights plan ot poison pill, in an effort to thwart the hostile takeover bid by its fellow income trust, Luscar Coal Income Fund. Regulators said on Au. 19, 1998 that a hearing slated in Aug. 26, 1998, will pitch both companies against each other in a joint Ontario-Alberta securities commission hearing in Calgary, Canada. Luscar is seeking to annul the poison pill, which it claims effectively hinders Manalta receipt holders from approving its offer.

Comment:

Faces a hearing on its shareholder rights plan or poison pill, in an effort to thwart the takeover bid of Luscar Coal Inome Fund

Trust Companies, Trust, Fiduciary, and Custody Activities, Manalta Coal Income Trust

---

ASC starts hearings into stock fiasco at Cartaway

Article Abstract:

The Alberta Securities Commission has started its hearing on the stock fiasco which involved mining company Cartawy Resources, former president John Ivany and former director William Dejong. Cartawaya shares soared to C$26 in 1996 on speculations that the company's Labrador property economic concentrations of nickel, but eventually plunged to C$2. The two officials will be tried on alleged violations disclosure laws.

Metal Ores, Metal Ore Mining, Mining industry, Ores, Cartaway Resources Corp.

Similar abstracts:

• Abstracts: Morty Shulman goes to battle again. Hyal stock tanks on lost marketing deal
• Abstracts: Auto parts giant faces bumpy ride as business starts to vanish. Tesma executive bonuses rise between 10%-32%
• Abstracts: Alliance founder cuts sweet deal. PBS picks Toronto firm to fill children's TV slate
• Abstracts: New services raise Internet stakes. It's spin city in Internet land
• Abstracts: American Family deal a 'model' for other states. Proposal targets banking secrecy. Dialysis firm settles Medicare fraud suit

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.