Quebec store chain to buy Ontario rival

Article Abstract:

Canadian convenience store chain Alimentation Couche-Tard Inc announced that it will acquire Silcorp Ltd for $220-million in cash and stock, equivalent to $23 per share. Couche-tard chmn and pres Alain Bouchard said they were merging to ensure their survival in a market that is being dominated by the big grocery chains. After the merger was announced, Silcorp's shares increased by $2 while Couche-tard shares fell by $1.50.

Asset sales & divestitures, Convenience Stores, Silcorp Ltd.

---

Sears results raise questions about strategy

Article Abstract:

The details on Sears Holdings Corp., which posted decline in sales by 10.8% for third quarter 2005, are presented. The impact of sales decline, on company's plans to acquire Sears Canada Inc., is discussed.

United States, Sales, profits & dividends, Department Stores, Mergers, acquisitions and divestments, Company acquisition/merger, Company sales and earnings, Company earnings/profit, Sears Canada Inc., Sears Holdings Corp., SHLD

---

Similar abstracts:

• Abstracts: Les Ailes chain to launch expansion outside Quebec. Sears results have a case of winter chills
• Abstracts: Sun Life makes bid to buy Clarica. Rival to Sun Life bid eyed
• Abstracts: Pension shortfalls threaten to explode. Canadian leaders fret more about image on Net: study. CEOs reap big bonuses as investors take losses
• Abstracts: New airline rules won't help most fliers. Luxe hotels lose their reservations about discounting. Hotels jack up price of hospitality
• Abstracts: Insurer says regulations costing industry millions. Jetsgo submits proposal to restructure as charter

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.