Plaintree shares soar on plans to amalgamate

Article Abstract:

Plaintree Systems Inc of Stittsville, Ontario, has announced a deal to merge with Targa Group of Nepean, Ontario. Privately-held Targa is a developer and producer of electronic equipment, mostly for aerospace companies. Under the deal, PlainTree will acquire all of Targa's four divisions while Targa shareholders will acquire 49% of Plaintree's stock. The deal would require the approval of Plaintree shareholders and the conversion of Plaintree's outstanding preferred shares to common shares.

Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Acquisitions & mergers, Plaintree Systems Inc.

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Ottawa mulls aid package for struggling forestry sector

Article Abstract:

The plans of Ottawa government, to aid the forestry sector with financial package, are examined.

Government expenditures, Government domestic functions, LUMBER AND WOOD PRODUCTS, Forest products, Forest products industry, Sawmills, Government finance, Natural resource policy

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