Hartland extends buying binge

Article Abstract:

Hartland Pipeline Services Ltd. of Calgary, Canada, extended the company's purchase binge on Jun. 8, 1998, as the company effected an agreement to acquire BFC Construction Corp.'s pipeline division for C$67.5 million. Since August 1997, when Hartland started life as a holding firm that has an objective of consolidating the pipeline services business, the company has acquired a total of eight firms. The acquisition of the pipeline division of BFC enables Hartland to expand into Eastern Canada following the latter's development of its business in Western Canada.

Comment:

Extends its purchase binge on 6/8/98 with a deal to buy the pipeline division of BFC Construction Corp for C$67.5 mil

Pipeline Construction, Water, Sewer, and Pipeline Construction, BFC Construction Corp., Hartland Pipeline Services Ltd.

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No rebirth yet for Renaissance

Article Abstract:

Calgary, Alberta-based Renaissance Energy Ltd. plans to acquire Calgary, Alberta-based Pinnacle Resources Ltd. through a proposed C$684-million stock-swap agreement. The proposed acquisition of Pinnacle Resources, which will boost the acreage of Renaissance Energy's undeveloped land assets to 13.2 million, however did not win the favor of investors. Renaissance Energy's acquisition bid for Pinnacle Resources marks Renaissance Energy's first bid to acquire another firm in its 16 years of operations.

Comment:

Plans to acquire Pinnacle Resources through a proposed C$684-mil stock-swap agreement

Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Alberta, Petroleum industry, Natural gas, Petroleum, Gas industry, Renaissance Energy Ltd., Pinnacle Resources Ltd.

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More REIT marriages expected

Article Abstract:

Canadian Real Estate Investment Trust's C$190-million acquisition of Avista Real Estate Investment Trust is expected to be followed by a number of similar deals. The purchase will create Canada's second-biggest real estate investment trust (REIT) with C$1 billion in assets and 130 properties. Analysts predict that Canadian REITs will proceed toward a continuing consolidation trend as they seek to enhance their market clout.

Real Estate Investment Trusts, Real Estate Invest Trusts, Avista Real Estate Investment Trust

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