Parmalat Canada expected to draw bidders: observers expect division to be sold

Article Abstract:

Dairy giant Parmalat Canada Ltd. is going to be sold for $1.6 billion to raise funds for the financial restructuring of Parmalat Finanziaria SpA after the Italian company filed for bankruptcy in third week of December 2003. Tom Hofstedter, president and chief executive officer of H & R REIT, Parmalat Canada's landlord says that the Toronto-based company will probably be sold completely from stocks to assets.

Canada, Acquisitions & mergers, Bakery Products, Mergers, acquisitions and divestments, Company acquisition/merger, Baked products industry, Baked goods industry, Business sale, Parmalat Canada Ltd.

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Stench of scandals lingers: Aroma wafting from Italy is the now familiar scent of corporate rot that shows no sign of abating

Article Abstract:

Bankrupt Parmalat Finanzaria SpA, the Italian dairy giant, has seen billion of euros disappear from its balance sheet, leading to imprisonment of its founder who has admitted diverting funds and questions about the future of its operations that extend from Parma to Belleville, Ontario. The Parmalat rot shows that the governance, accounting and financial scandals of the early 21st century still continue.

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Once infallible- what happened at Loblaw?

Article Abstract:

Views of former chief executive officer Richard Currie on management changes at Loblaw Companies Limited are presented. Events leading to this management change at Loblaw are discussed.

History, Beliefs, opinions and attitudes, Loblaw Companies Ltd., Currie, Richard

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