Petrocan, Suncor walk away from merger talks

Article Abstract:

Petro-Canada Inc and Suncor Inc are said to have eliminated the possibility of merging their refining and retailing operations to reduce costs. The proposed merger would have attracted major concerns as they overlap significantly in Ontario. There also seem to be no synergies in the abandoned consolidation plan since Suncor specializes in synthetic oil and Petrocan delves in heavier grades and is also a dominant player in the East Coast.

Petroleum and Coal Products Manufacturing, Petroleum, Petro-Canada Inc.

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Milton weighs sale of Aeroplan stake

Article Abstract:

Air Canada, which will emerge from bankruptcy protection, is expecting to reveal a minority interest in its wholly owned flyer subsidiary, Aeroplan loyalty points program. Robert Milton, the airline's chief executive officer, stated that Aeroplan would be turned into an income trust but the key evaluation would involve how changing the ownership structure would produce benefits.

Organizational history, Management dynamics, Air Transportation, Scheduled, And Air Courier Services, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Management, Mergers, acquisitions and divestments, Company acquisition/merger, Airlines, Company restructuring/company reorganization, Reorganization and restructuring, Company business management, Company organization, Air Canada, Subsidiaries, divisions and units, Milton, Robert

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