Grant Billing pushes his luck

Article Abstract:

Superior Propane President and CEO Grant Billing has revealed that he wants to acquire ICG Propane. Petro-Canada has been trying to sell ICG since the postponement of an initial public offering for the subsidiary. Billing's plan for the acquisition of ICG will surely encounter difficulties from Canadian regulation authorities since the resulting company will control approximately 70% of the Canadian propane distribution market. Superior is the largest propane distribution company in Canada with about 40% of the market while ICG is ranked second with a 30% share.

Comment:

President and CEO Grant Billing reveals that he wants to acquire ICG Propane

Asset sales & divestitures, Acquisitions & mergers, Fuel & Ice Dealers, Fuel Dealers, Fuel & Ice Dealers NEC, Other Fuel Dealers, ICG Propane, Superior Propane Inc., Article

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Jill in the box

Article Abstract:

Royal Oak Mines Inc founder and CEO Peggy Witte is down but it could be too early to count her out. Her company is certainly in trouble, having amassed a debt of around $350 million. With prices of gold and copper plunging to low levels during the past two years, the company has been pushed to the brink of bankruptcy. Witte's salvation appears to be the Kemess mine in British Columbia, which is now in production.

Strategy & planning, Gold Ore Mining, Executive changes & profiles, Gold Mines, Royal Oak Mines Inc.

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Loewen's battle has just begun

Article Abstract:

Loewen Group Inc. will have to find more ways to raise enough money to keep itself away from bankruptcy. The funeral chain reported in its 1998 results that it lost over US$600 mil or $8.22 per share, including a writedown of $302 mil from a recent sale of some cemeteries to a buyout group. Unless Loewen secures other financing, such as the one it recently reached with some banks, the company could go bankrupt.

Funeral Homes and Funeral Services, Funeral service and crematories, Funeral Services, Funeral industry, Loewen Group Inc.

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