Zemex to bid for Inmet

Article Abstract:

Zemex Corp., a producer of industrial minerals based in Toronto, Ontario, has revealed an ambitious plan for an unsolicited C$517-million takeover attempt for Inmet Mining Corp., a bigger company. The announcement from Zemex says it will make a cash and stock offer of C$5 a share for Inmet. However, the offer will depend on Inmet's closing of its recently revealed sale of its 50% stake in the Antamina copper project in Peru. The offer is around 15% higher than the C$4.40-per-share price level in which Inmet's stock closed in the Toronto Stock Exchange a day earlier.

Comment:

Producer of industrial minerals reveals ambitious plan for unsolicited C$517-million takeover attempt for Inmet Mining Corp

Asset sales & divestitures, Acquisitions & mergers, All Other Nonmetallic Mineral Mining, Minerals & Rocks NEC, Nonmetal mining, Nonmetallic mineral deposits, Inmet Mining Corp., Zemex Corp., Article

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Fists, lawsuits fly in taxi scandal

Article Abstract:

The details of the legal case, involving Toronto based taxi company, Fareport Capital Inc., which is charged on grounds of stealing money, a hidden bank account, funding for a porn website, etc., are presented.

Legal issues & crime, Police Protection, Legal/Government Regulation, Ethics, Theft, Company legal issue, Cases, Ethical aspects, Confidential communications, Taxicab services, Bank secrecy, Taxicab service

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Eves election campaign lacks Corporate Canada backing

Article Abstract:

The business community has not provided an endorsement for the re-election bid of Ontario Premier Ernie Eves. Previous Tory politicians, such as Mike Harris, had enjoyed the support of Corporate Canada.

Corporations, Political activity, Elections, Eves, Ernie

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