Sportsco cries foul on SkyDome lease

Article Abstract:

Sportsco Corp has asked a court to cancel a proposed 10-yr lease between the SkyDome Corp and the Toronto Blue Jays. Sportsco, which is bidding for the stadium, said that the lease gives the Blue Jay control over most of the stadium's operations such as ticketing, concessions and advertising, and half of the naming rights to the Dome. Sportsco believes that the lease was changed to favor its rival bidder Labatt Brewing Corp, which currently controls the Blue Jays and the Skydome.

Recreation, Arts, Entertainment, and Recreation, Entertainment industry, SkyDome Corp.

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Canadian Natural, Penn West scoop up BP Amoco's oil unit

Article Abstract:

BP Amoco PLC will sell its Canadian oil business unit to Canadian Natural Resources Inc and Penn West Petroleum Ltd for a total of C$1.6 billion. Canadian Natural will acquire the Bonnyville, Wabasca and Nipisi properties in northern Alberta for $1.06 billion, while Penn West will buy the Hoosier property in south Saskatchewan and the Drayton Valley property west of Edmonton for C$540 million. The deals are expected to be closed by Oct 10, 1999.

Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Petroleum industry, Natural gas, Petroleum, Gas industry, BP PLC, Canadian Natural Resources Ltd.

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Wescam acquires optics supplier

Article Abstract:

Wescam Inc (Burlington, Ontario, Canada) has acquired Applied Physics Specialties Ltd (Toronto), one of its major optics suppliers, for Can$7.4 mil. Applied Physics Specialties had sales of Can$10 mil in 2000, of which more than 70% came from supplies to Wescam, which makes high-end technical cameras. Wescam expects a total gain of about Can$3 mil a year from the acquisition.

Sales, profits & dividends, Optical Instrument and Lens Manufacturing, Optical instruments and lenses, Optical Instruments & Lenses, Statistical Data Included, Mergers, acquisitions and divestments, Brief Article, Optical instruments industry, Optical industry, Optical instruments, WESCAM Inc., Applied Physics Specialties Ltd., WSC

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