Grampian to buy 19.5% stake in Cobequid

Article Abstract:

Grampian Pharmaceuticals Holdings Ltd., based in London, UK, is acquiring a 19.5-percent stake in Cobequid Life Sciences Inc., along with a convertible debenture that could improve its interest to 40%. Grampian will invest C$3.8 million through a private placement of 850,000 new shares in the Richmond Hill, Ontario-based Cobequid, and through a C$2.9-million debenture that could be converted into 3.1 million common shares. Previously, Grampian bought 952,000 Cobequid shares from Working Ventures Investment Fund for an undisclosed amount. Cobequid, a maker of vaccines for the aquaculture business, will hold a shareholder meeting in September 1998 to decide on the debenture conversion.

Comment:

Is acquiring 19.5-percent stake in Cobequid, along w/ a convertible debenture that could improve interest to 40%, Canada

United Kingdom, Canada, Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Biological Product (except Diagnostic) Manufacturing, Veterinary Vaccines, Drugs, Grampian Pharmaceuticals, Article, Cobequid Life Sciences Inc.

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HSBC gains U.S. clout, but cost is high

Article Abstract:

HSBC Holdings PLC, a banking concern in Canada, intends to acquire Republic New York Corp., a banking firm, and the latter's private bank in Europe, Safra Republic Holdings, for a combined $10.3 billion. Aside from beefing up HSBC's private banking operations, the acquisition of Republic New York will expand the company's presence in the United States.

Commercial Banking, Commercial Banks, Republic New York Corp

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Peak sweetens bid for Fletcher energy unit

Article Abstract:

Peak Petroleum Company of New Zealand Ltd. has sweetened its proposed takeover offer for the energy division of Fletcher Challenge Ltd. Peak Petroleum is getting ready for a March 6 battle with another bidder, Royal Dutch/Shell group.

Diversified Companies, New Zealand, Mergers, acquisitions and divestments, Brief Article, Fletcher Challenge Ltd., Peak Petroleum Company of New Zealand Ltd.

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