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U.S. investor snaps up 14 percent stake in Algoma: Could be target in sector consolidation

Article Abstract:

The New York-based investment management company, Paulson & Co. has purchased 5.5 million shares or about 14 per cent of Algoma Steel Inc. The shares in Algoma, which is Canada's third- largest integrated steel producer with capacity of 2.2 million tons annually, closed at $28.50 in trading on the Toronto Stock Exchange on December 2, 2004.

Author: Keenan, Greg
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
Blast furnaces and steel mills, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Securities industry, Steel industry, Algoma Steel Inc., Paulson Capital Corp.

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Hedge fund held stake in MEC, court told

Article Abstract:

The details of the case surrounding Greenlight Capital Inc.'s stake in Magna Entertainment Corp. are presented.

Author: Keenan, Greg
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2005
Legal issues & crime, Legal/Government Regulation, Amusement and recreation, not elsewhere classified, Management investment, open-end, Company legal issue, Cases, Corporate governance, Gambling industry, Mutual fund industry, Magna Entertainment Corp., Greenlight Capital

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Subjects list: United States, Canada, Company investment, Investments, Securities, Company securities
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