Hoechst bids for rest of Celanese

Article Abstract:

Hoechst AG of Germany has launched a C$450 million bid to acquire the rest of Montreal, Quebec-based Celanese Canada Inc. While the German congolmerate said minority shareholders owning about half of the 44% stake have already agreed to the offer, the bid would have to be accepted by two-thirds of the minority shareholders to proceed any further. This means that dissatisfied investors who think the C$25-a-share offer is too low can still derail the deal.

Diversified Companies, Celanese Canada Inc.

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Quebecor eyes U.S. rivals for takeovers

Article Abstract:

Quebecor Printing Inc, a printing firm headquartered in Montreal, Canada, is considering to acquire its US competitors Big Flower Holdings Inc of New York, NY, and Greenwich, CT-based World Color Press Inc. Based on their present stock prices, Big Flower is valued at around $650 mil, while World Color is valued at around $1 bil. Once the acquisitions are realized, Quebecor will become the No. 1 firm in the printing industry.

Connecticut, New York, Printing, Vertis Inc., World Color Press Inc.

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