Battle brewing for Philip

Article Abstract:

Gentra Inc.'s former CEO, James Walker, is leading a proxy fight to replace Philip Services Corp.'s CEO and board of directors. Walker is hoping that Philip's shareholders may be able to vote on a new slate of directors at the firm's June 25, 1998, annual meeting in Toronto. Walker has prepared for the proxy battle by approaching several proxy solicitation companies such as Georgeson & Co. of New York and informally approaching many of Philip's Canadian institutional shareholders with his proxy fight proposal. However, Walker's credibility with US investors who own as much as 80% of Philips stock may be a problem. Philips revealed losses from its copper operations due to unauthorized trading by a small number of employees.

Comment:

Shareholders engaged in a proxy fight led by Gentra's former CEO, James Walker, to replace firm's CEO and board of directors

Real Estate Agents, Brokers, Managers, Real Estate, Stockholder data, Copper, Primary Smelting and Refining of Copper, Real estate agents, Real estate management, Copper products, Gentra Inc., Article, Philip Services Corp.

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Onex bought airline stock before bid

Article Abstract:

Onex Corp's effort to combine Air Canada with its ailing rival Canadian Airlines International Ltd was intensified by the move of numbered firms connected to Onex that paid over C$43 million to buy Air Canada stock prior to Aug 13, 1999. On this date, the federal government temporarily suspended competition regulations to uplift the financial status of Canadian Airlines.

Asset sales & divestitures, Acquisitions & mergers, Scheduled Air Transportation, Scheduled Airlines, Air Canada

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Alcan pursued Inco as Phelps emerged

Article Abstract:

Alcan Inc., Canada-based aluminum maker, is negotiating Inco Ltd. and Falconbridge Ltd. to combine its aluminum operations with two of the world's biggest nickel producers.

Primary aluminum, PRIMARY METAL INDUSTRIES, FABRICATED METAL PRODUCTS, Metal ores, not elsewhere classified, Metal industries, Negotiation, mediation and arbitration, Aluminum industry, Alcan Inc., Inco Ltd., AL, N, Metal products industry, Metalworking industry, Metal industry, Falconbridge Ltd.

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