'Builder' remodels Domtar

Article Abstract:

Domtar Inc. has acquired E.B. Eddy Ltd. from George Weston Ltd. for C$803 million. Production of fine papers used for writing, printing and photocopying contribute over half of Domtar's annual sales of C$1.9 billion. Domtar has an annual production of 600,000 tonnes of such products. However, the company produces only 200,000 tonnes a year of higher value-added specialty papers. Its purchase of EB Eddy will more than triple its production make it the biggest producer of specialty papers in Canada. EB Eddy, which had C$956 million in sales in 1997, is a maker of specialty papers used to make telephone directories and dictionaries.

Comment:

Sells EB Eddy Ltd to Domtar Inc for C$803 mil

Paper & Allied Products, Paper Manufacturing, Paper industry, Domtar Inc., George Weston Ltd., Article, E.B. Eddy Ltd.

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Saputo bid to keep Culinar in Que. hands

Article Abstract:

Quebec, Canada-based Culinar Inc, a 76-year-old bakery, is being eyed to be acquired by cheese maker Saputo Group Inc of Montreal, Canada, for C$283 million. Saputo's offer, which tops Kansas City, MO-based Interstate Bakeries Corp's C$265-million bid, is aimed at keeping Culinar in Quebec. Societe generalede financement (GSF), which controls 35% of Culinar, considers Saputo as a white knight. Without consulting SGF, a secret deal was signed on Jul 5, 1999, by Culinary's majority shareholder and Interstate.

Quebec, Commercial Bakeries, Bread, Cake & Related Products, Culinar Inc.

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Company unveils $1.8-billion bid for Air Canada and Canadian

Article Abstract:

Onex Corp of Toronto, Ontario, has launched a C$1.8-billion bid to acquire and merge Canadian Airlines International Ltd and Air Canada. The merger would create the world's largest 15th largert with annual sales of more than C$9 billion. The airline would operate as Air Canada with headquarters in Manitoba. Under the deal, American Airlines parent AMR Corp would put up C$625 million in exchange for a 15% stake in the merged carrier.

Scheduled Airlines, Scheduled Air Transportation, Financial Holding Companies, Offices of Bank Holding Companies, Airlines, Canadian Airlines International Ltd., Onex Corp.

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