CanWest nears NetStar deal

Article Abstract:

CanWest Global Communications of Winnipeg, Manitoba, is about to close a deal to acquire NetStar Communications Inc. of Toronto, Ontario for about C$900 million. New York-based ESPN Inc., NetStar's largest shareholder, will not sell its 32% stake, but other shareholders will, according to sources. Stephen Bronfman of Claridge Inc. and Caisse de depot et placement du Quebec will cash out their stake of 22.5% each and so is Reitmans (Canada) Ltd., which has a 16.7% stake. The sale, if it pushes through, will cap CanWest's efforts to become a diversified broadcasting conglomerate.

Comment:

Is close to acquiring NetStar Communications for about $900 mil

Asset sales & divestitures, Cable Television Systems, Cable Networks, Radio & TV Broadcasting, Radio and Television Broadcasting, Ontario, Manitoba, Cable television broadcasting industry, Cable television, Broadcasting industry, Broadcasting, CanWest Global Communications Corp., Article, NetStar Communications Inc.

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Mining rivals circling Alcan

Article Abstract:

The details of Alcoa Inc.'s proposed acquisition of Alcan Inc. for $27 billion are presented.

Primary aluminum, Metal ores, not elsewhere classified, United States, Canada, Aluminum industry, Alcan Inc., AL, AA, Alcoa Inc.

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Copper giant to spin off silver assets

Article Abstract:

The reasons behind the sale of silver mining assets by Codelco are presented.

Chile, Primary copper, Copper ores, Copper industry, Corporacion Nacional del Cobre de Chile

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