Domans at odds over future of firm

Article Abstract:

Herb Doman, founder of Doman Industries Ltd., and his son Rick are favoring different proposals that aim to restructure the debt-laden company. Though, Herb is supporting a restructuring proposal by Vancouver-based International Forest Products Ltd. (Interfor) that would allow Herb to preserve some of the value of his assets, Rick stated that he is open to a rival proposal, which would leave the company intact, but offer nothing to shareholders of Doman, including the family.

Organizational history, LUMBER AND WOOD PRODUCTS, Forest products, Company restructuring/company reorganization, Reorganization and restructuring, Forest products industry, Company organization, Doman Industries Ltd.

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Spar deal has MacDonald Dettwiler soaring

Article Abstract:

MacDonald Dettwiler and Associates Ltd's C$63-million acquisition of Spar Aerospace Ltd's Space Robotics unit would double the former's revenue to over C$300 million in 1999, according to Daniel Friedmann, president of MacDonald Dettwiler. Friedmann stressed that the deal is part of Richmond, British Columbia-based MacDonald Dettwiler's strategy to succeed Spar as the leading space firm in Canada.

Asset sales & divestitures, Acquisitions & mergers, Guided Missile and Space Vehicle Manufacturing, All Other Miscellaneous General Purpose Machinery Manufacturing, Robots NEC, Earth Sciences Satellites, Robots, Spar Aerospace Ltd.

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