Petrofina Directors Poised for 24 Million From Takeover
Trajan Nitescu of Calgary says the Petrofina Canada takeover by Petro-Canada Ltd will net $24 million to directors of the Belgian parent Canadian Fina Oil Ltd. and its successor Petrofina Canada. Nitescu, a former chairman, notes the board stands to gain as the deal proceeds.
MENTIONED IN THIS ARTICLE
Calgary
Canadian Fina Oil Ltd
Petrofina Canada Inc
Petrofina Canada
Petro- Canada Ltd
Trajan Nitescu
Canadian Fina
Calgary Herald
Nitescu
Petrofina S.A
Pierre Nadeau
Petrofina
Petro-Canada
Lucky
J.A. Dodd
Petro- Canada
Maurice Strong
John Ridscel
Crown Corporation
Noranda wins six week MacMillan Bloedel takeover
Noranda Mines Ltd of Toronto wins a $626.5 million six week takeover for MacMillan Bloedel Ltd of Vancouver. The bid pays $126.5 million cash and $500 million in convertible preferred Noranda shares for 8.9 million Mac Blo common shares. Mac Blo shareholders offered more shares to gain control but Noranda sticks to 8.9 million.
MENTIONED IN THIS ARTICLE
Toronto
Noranda Mines Ltd
MacMillan Bloedel Ltd
Vancouver
Canada
Noranda
North America
Mac Bio
Alberta legislature roasts Ottawa energy tax
In Edmonton the Alberta legislature denounces the federal Petrofina tax on oil and gas purchases set to start May 1. Ministers warn of higher heating and gasoline costs and a regressive burden on Alberta with a $1.5 billion consumer share of a $1.8 billion Petro-Canada purchase.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
Petro-Canada
Petrofina
Boston
Indiana
Dallas Schmidt
Julian Koziak
Mediators rush to end Sands fast as Belfast riots surge
Two human rights mediators arrived at Maze prison to urge IRA prisoner Booby Sands to suspend his 56 day hunger strike amid 10 nights of rioting in Belfast. Police report 150 youths clashing with officers. one civilian hospitalized and three officers hurt. Sands, elected MP, met the mediators but doubts any breakthrough.
MENTIONED IN THIS ARTICLE
Belfast
Maze
IRA
Sands
Britain
British Airways
Irish Republic
Dublin
Airlines
European Commission On Human Rights
Strasbourg
France
Commission
Carl Aage Norgaard
Denmark
Torkel Opsahl
Norway
London
Maze Prison
Capital
Notley accuses Alberta government of mismanagement
Grant Notley the Alberta NDP leader criticizes provincial finances as scandalously mismanaged and says Albertans should not be swayed by the auditor general’s measured report. Following this, notices about Medicine Hat lake lots and international tensions are noted in brief items.
MENTIONED IN THIS ARTICLE
Grant Notley
Alberta Ndp
Notley
Medicine Hat
South Ridge
Islanders and Rangers Reach All New York NHL Semifinal
New York Islanders and New York Rangers finished off quarterFinal opponents in NHL playoff action Friday night. They advance to an all New York semifinal series beginning Tuesday.
MENTIONED IN THIS ARTICLE
New York Islanders
New York Rangers
New York
Postal strike looming as talks with CUPW falter
Ottawa reports government rejects most CUPW demands in final talks before Crown corporation shift. Government cites cost and scope concerns while offering limited gains on wages health and safety maternity leave vacations and boot and glove allowances. Union could strike seven days after board report with Parrot flagging the report as pivotal.
MENTIONED IN THIS ARTICLE
Ottawa
Post Office
Crown Corporation
Canadian
Union of Postal Workers
Ched
Jean-Claude Parrot
Robert Casault
Treasury Board
CUPW
Also Mentioned on This Page
Petrofina Board
Kimberly Houff
Kimberly
Frank Webber
Energy
Merv Leitch
Leitch
William Whitelaw
Labor
Mervyn Rees
U.S
West Germany
Romeo LeBlanc
LeBlanc
Ann Landers
Ben Tierney
Bridge Deere
Business Peneae
Phen
Charles Lynch
Church
City News
Eee
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