Woodbridge says payment on Bay receipts tendered

Article Abstract:

Woodbridge Co. Ltd. has received more than 98% of the final payment on Hudson's Bay Co. installment receipts as of 1 PM eastern time on October 2, 1998, as verified by a Woodbridge spokesperson. Woodbridge sold its Hudson's Bay stock in 1997, encompassing 13.2 million shares at a price of C$37.75 apiece, of which investors paid C$19 for a receipt and owed C$18.75 as of October 2, 1998. Woodbridge, based in Toronto in Ontario, Canada, is the Thomson family holding company, while Hudson's Bay, also based in Toronto, is a department store operator that registered sales of C$6.4 billion in 1997.

Comment:

Has received more than 98% of final payment on Hudson's Bay Co installment receipts as of 1 PM eastern time on October 2, 1998

Woodbridge Company Ltd.

---

U.S. buyout firm acquires Cott stake

Article Abstract:

Thomas H. Lee Co., an investment firm based in Boston, MA, has become the biggest shareholder of Cott Corp. of Toronto, Canada, in a deal worth $110 million. Thomas H. Lee's investment includes the acquisition of over 50% of the holdings of the Pencer family, who founded Cott as a manufacturer of retailer-branded soft drinks. The deal also includes the appointment of Frank Weise as the president and CEO of Cott. The move by Thomas H. Lee is set to reinforce Cott's struggling market position in Toronto.

Comment:

Becomes the biggest shareholder of Cott Corp of Toronto, Canada, in a deal worth $110 mil

Acquisitions & mergers, Thomas H. Lee Co.

---

Cott to split operations into U.S., Canadian

Article Abstract:

Cott Corp., a softdrink manufacturer based in Toronto, Ontario, is dividing its North American operations into US and Canadian divisions. The US unit will be based in Tampa, FL, and will be headed by David Bluestein. The Canadian unit will be headquartered in Mississauga, Ontario, and led by Mark Benadiba. Each unit will have its own product development, production, sales and marketing, distribution and creative departments. Cott reported revenue of C$1.48 billion for the year ended Jan. 31, 1998.

Comment:

Is dividing its North American operations into US and Canadian divisions

Strategy & planning, Ontario

Similar abstracts:

• Abstracts: Inco, Newfoundland far apart on Voisey's Bay development. Inco to halt Voisey's Bay work. New rival sees trouble for Inco
• Abstracts: CP Hotels buying seven Princess resorts. Marriott plans rapid Canadian expansion. Grand Bay goes face to face with Four Seasons
• Abstracts: Compaq mulls fate of Digital plant. Com Dev to slash jobs, shut plant in major overhaul. Nortel Networks to close two Canadian plants, sell off eight
• Abstracts: Hydro-Quebec, Bell close to reaching deal. Seagram does net deal with BMG

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