Speedy Int'l selling European operations

Article Abstract:

SMK Speedy International Inc., a car repair chain based in Toronto, Ontario, announced on Sep. 17, 1998, that the company is divesting its entire operations in Europe to Kwik-Fit PLC for C$265 million. SMK Speedy's European operations, which accounted for 60% of the company's revenues in 1997, are comprised of 487 company-owned outlets in Spain, Germany, Belgium, France and Switzerland and 84 European franchise outlets. Following the completion of Kwik-Fit transaction in January 1999, SMK Speedy will have 53 outlets in the US, 146 outlets in Canada, as well as 127 franchise outlets in the US.

Comment:

Is buying the entire European operations of SMK Speedy Intnl Inc of Toronto, Ontario, for C$265 mil

Europe, Automotive Repair Services, Automotive Repair and Maintenance, Automotive maintenance, SMK Speedy International Inc., Kwik-Fit PLC

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Barrington board urges investors to reject bid

Article Abstract:

Barrington Petroleum Ltd.'s board of directores is urging company shareholders to disapprove Sunoma Energy Corp.'s offer of C$222 million to takeover the firm. The board called the offer as financially inadequate and opportunistic in nature, since it is effected upon the basis of anticipated rise in natural gas prices. Prior to the reccommendation to investors, the Calgary, Alberta-based company already took actions to find another buyer and has adopted a poison pill to thwart the takeover offer.

Comment:

Barrington board of directores is urging shareholders to disapprove co's offer of C$222 million to takeover Barrington

Canada, Natural Gas, Crude Petroleum and Natural Gas Extraction, Alberta, Barrington Petroleum Ltd., Sunoma Energy Corp.

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