Oxford, BurCon holders okay merger

Article Abstract:

Oxford Properties Group Inc. and BurCon Properties Ltd. shareholders have agreed to capitalize and form a new public company from Burcon's subsidiary at separate meetings in Vancouver, BC, and Toronto, Ontario. Under a merger agreement, Oxford will acquire BurCon by offering 0.74 Oxford common shares and 0.70 common shares of Burcon's subsidiary, Concord Pacific Groups Inc. for each of BurCon's 33.3 million outstanding common shares. In effect, Oxford will issue 24.8 million new shares for BurCon. Among the major shareholders of BurCon are Hong Kong businessman Peter Chan, Charles Chan and Li Ka-shing. The merger is expected to close on May 29, 1998.

Comment:

Agrees to capitalize and form a new public company w/ Oxford Properties Group Inc

Real Estate, Real Estate and Rental and Leasing, Oxford Properties Group Inc., BurCon Properties Ltd.

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CIBC, HP announce joint venture

Article Abstract:

Canadian Imperial Bank of Commerce's (CIBC) Intria Corp. and Hewlett-Packard Co. of Palo Alto, CA, have entered a joint venture, called Intria-HP, to gain an advantage in the increasingly-expanding electronic business services industry in the US. Intria-HP will integrate the electronic and paper transaction processing systems of Intria Corp., with the data network creation and management expertise of Hewlett-Packard. Initially, the joint venture will employ more than 750 people when it commence operation in fall 1998 and is projected to bring in over C$1.5 billion in revenue in the next four years.

Comment:

With Intra Corp, enters joint venture called Intria-HP, giving Intra advantage in electronic business services industry in US

United States, Foreign operations, Joint ventures, Office & Computing Machines, Office equipment, Hewlett-Packard Co., INTRA Corp., Intria-HP

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Quebecor combining four Toronto media businesses

Article Abstract:

Media giant Quebecor Inc. has decided to join its four Toronto media businesses to promote its TV station and circulation of The Toronto Sun newspaper. The company businesses include daily paper, the TV station, Quebecor's 24 Hours free commuter newspaper and Canoe Web portal.

PRINTING AND PUBLISHING, Radio and Television Broadcasting, Mass media industry, Company restructuring/company reorganization, Reorganization and restructuring, Company organization, Quebecor Inc.

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