Bidders expected to eyeball Philip assets

Article Abstract:

Metal Management Inc. of Chicago, IL, is considering the acquisition of certain assets of the metals division of Philip Services Corp., noted Metal Management spokesman Xavier Hermosillo. Metal Management is presently one of the biggest steel and copper recycling and processing firms in the US. Hermosillo admitted that Philip Services may have certain good companies which it had earlier acquired and which may be complementary to Metal Management's operations. Analysts believe that other firms such as Triple M Metal, Co-Steel Inc., and David J. Joseph Co. may offer to buy the properties.

Comment:

Is considering the acquisition of certain assets of the metals division of Philip Services Corp

Asset sales & divestitures, Acquisitions & mergers, Illinois, Recyclable Material Wholesalers, Scrap & Waste Materials Whsle, Article, Philip Services Corp., Metal Management Inc.

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TSE chairwoman a natural trail-blazer

Article Abstract:

Barbara Stymiest was named as the chairperson of the Toronto Stock Exchange (TSE) in 1997. She was named to the board of governors of TSE in 1993, and became vice-chairperson in 1995. Stymiest said that her main goal is to help the exchange chart a clear plan for the future in an era of change. TSE has announced plans to sell its shares and become a for-profit organization in 1997. It will also participate in the proposed reorganization of all Canadian stock exchanges.

Securities and Commodity Exchanges, Securities Exchanges, Exchanges, Toronto Stock Exchange

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Le Pan exit comes as a surprise

Article Abstract:

Nicholas Le Pan, head of the Office of the Superintendent of Financial Institutions in Canada, resigned to his post.

Officials and employees, Appointments, resignations and dismissals, Canada. Office of the Superintendent of Financial Institutions, Pan, Nicholas Le, Government financial institutions

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