Luscar bids for Manalta
Article Abstract:
Luscar Coal Income Fund is offering C$550 million to take over Manalta Coal Income Trust, possibly creating the sixth-biggest coal miner in North America. Should the merger be effected, the new company would account for more than half of the total production in Canada. Luscar Ltd. Chairman sees good opportunity with the merger due to the proximity of their Western Canadian mines as well as their complementary customer base. The merger was also proposed in consideration of the lackluster performance of coal mining trusts and the effect of the Asian economic turmoil on coal prices.
Comment:
Is offering C$550 mil to take over Manalta Coal Income Trust, possibly creating 6th-biggest coal miner in North America
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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E.I. du Pont raises offer for DuPont Canada by 3.6%
Article Abstract:
E.I. du Pont de Nemours and Co. is attempting to acquire DuPont Canada Inc. for $50.6 million. The deal, which is targeting a group of institutional shareholders to convince them to accept the offer, highlights DuPont Canada's $2.5 billion textiles and fibers operations.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
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