William Resources to buy entertainment firm

Article Abstract:

William Resources Inc is making a foray into multi-media entertainment resorts development with a deal to acquire privately-owned MagiCorp Inc of Ontario, Canada. Terms of the deal involved William Resources buying all MagiCorp's outstanding shares from the five executives comprising MagiCorp's management. In exchange, the five-person management team will receive shares of William Resources. The deal is expected to be finalized in Oct 1999.

Asset sales & divestitures, Acquisitions & mergers, Hotels (except Casino Hotels) and Motels, Hotels & Motels, MagiCorp Inc.

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Blackout shocks economy in August: 0.7% drop is biggest in more than a decade

Article Abstract:

Ontario's economy that represents 4.2 percent of Canadian activity slowed sharply in mid-month of 2003 due to power outage followed by widespread conservation measures. The Canadian economy dropped to a 0.7-per-cent in August 2003, which is the biggest decline in more than a decade.

Forecasts, trends, outlooks, Ontario, Analysis, Economic aspects, Forecasts and trends, Economic conditions, Market trend/market analysis

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