Buyers snap up Eaton's shares in public offering

Article Abstract:

T. Eaton Co. Ltd. of Toronto, Ontario, will buy its entire new public share offering, raising at least C$175 million. The Eaton family, who founded the company, will retain about 50% of the 129-year old company, partly by exchanging C$28.9 million worth of subordinated notes it holds for shares. According to the company, it will close its share offering on Jun. 10, 1998 at $15 a share. The company's CFO Hap Stephen, said that at least 11.666 million shares will be sold to the public while the Eaton family will continue to control about 50% of the company.

Comment:

Will buy its entire new public share offering, raising at least C$175 million

Department Stores, T. Eaton Company Ltd., Article

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Hollinger ready to dismantle dual-class share structure: But executive says firms won't be pushed around by Tweedy Browne

Article Abstract:

Hollinger Inc. is willing to dismantle the multiple-voting-share structure of newspaper publisher Hollinger International Inc., but would not act just because it is being forced by shareholder Tweedy Browne Co. Peter White, co-chief operating officer of Hollinger International Inc., states that he does not support the long-term use of stock that gives an investor more than one vote per share in a company and thinks that in the long run, a dual-class share structure is indefensible.

Newspapers, Newspaper publishing, Company securities, Hollinger Inc.

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Rogers issues $1-billion in shares

Article Abstract:

Rogers Communications Inc. will sell over $1-billion in shares to help cover debts and various company expenses.

Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Telecommunications services industry, Telecommunications industry, Telephone services, Rogers Communications Inc.

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