Irish firm launches bid for Bresea Resources after Bre-X links
Dublin based MFC Bancorp subsidiary Yukon Inc. offers 15 cents per Bresea share to acquire about 65 million shares valuing Bresea at 9.75 million. Bresea holds 26 million cash and a 3 million Calgary building, with no directors or active business beyond asset management. Board would work with PwC to settle claims and pursue North American merchant banking opportunities if successful.
MENTIONED IN THIS ARTICLE
Dublin
Bresea Resources Ltd
Calgary
Bre-X Minerals Ltd
MFC Bancorp Ltd
Yukon Inc
Bresea
MFC
Pricewaterhouse Coopers Inc
North America
Bre-X
Deloitte & Touche
Alberta
Ontario
Texas
Ontario Securities
Nortel seeks debt funding amid Arris deal delays
Nortel Networks seeks up to 1.8 billion in bonds or warrants as it delays selling its Arris Interactive cable unit due to weak credit markets. Antec Corp plans to finance Arris with 550 million in bank funding that also faltered, prompting a later closing window in early 2001.
MENTIONED IN THIS ARTICLE
Bostonortel Networks
U.S
Arris Interactive
US Securities and Exchange Commission
Nortel
Duluth
Antec Corp
Armis Interactive
Antec
Arris
Toronto
Taiwan
Wescast Considers Mexico Plant Expansion
Wescast Industries Inc. plans a Mexico site location within six months, after studying potential sites south of the Rio Grande. The Brantford based maker of exhaust manifolds operates six plants in three countries and evaluates areas including Monterey where Dofasco is building a tube mill to serve the automotive sector. Magna is expected to be a customer of Dofasco's plant.
MENTIONED IN THIS ARTICLE
Brantford
Wescast Industries Inc
Mexico
Dofasco Inc
Dofasco
King Magna
More money for music CANAM4'' PRE Ottawa levy increases
The Copyright Board of Canada announced higher copying levies on blank audio media including cassettes CDs and minidisks to reimburse performers for private home copies. The increases take effect Jan 1 and will raise wholesale costs likely passed to consumers. Secretary general Claude Mareau cites more digital copying especially CD R usage as a factor.
MENTIONED IN THIS ARTICLE
Ottawa
Copyright Board of Canada
Claude Mareau
Matthews buys Mitel name for 850 million in Ottawa deal
Terry Matthews returns to control a Mitel unit by acquiring Mitel Corp.’s name and systems business for 850 million, forming a private company under the Mitel banner while Mitel’s public semiconductor unit remains with a future name. Matthews helped found Mitel in the 1970s and earlier sold Newbridge Networks to France’s Alcatel for 7.1 billion in stock.
MENTIONED IN THIS ARTICLE
Toronto
Terry Matthews
Canada
Mitel Corp
Systema
Matthews
Newbridge Networks Corp
France
Alcatel
Communications Systems
Mitel
Semiconductor
Kirk Mandy
Michael Cowpland
Newbridge
Cowpland
Corel Corp
Kanata
CrossKeys Systems Corp
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Bre-X Sister Corp
Canadia
Indonesia
Borneo
Canadian Press
Brian Tobin
Moses Vitelli
Tobin
Wescast
Bangkok
Gornpote Asvinvijitr
Mandy
Finland
Germany
Hong Kong
BMO Nesbitt
Hungary
India
Ireland
Israel
Italy
Jamaica
Japan
Korea
Kuwait
Lebanon
Australia
Malaysia
Austria
Schilling
Bahamas
N.Z
Bahrain
Norway
Barbados
Pakistan
Belgium
Philippine
Bermuda
Poland
Brazil
Romania
Bulgaria
Russia
Chile
Saudi Arabia
China
Singapore
Colombia
Slovakia
Koruna
Costa Rica
South Africa
Cyprus
Spain
Sri Lanka
Denmark
Switzerland
Egypt
U.A.E
Bridge Telerate x
North Sea
Brent
West Texas
Intermed
Alaska No. Slope del
West Coast
Henry Hub
N.a
N.g
Star Data
FP Data Group
Ea Ee
Financial Ion
Marchandisi
United States
Dow Jones
Labrado
Iran
TCPL
Gulf Cha Res
LionOre Mag
Manulife Fiat
Xplore Twis
T-D Bank
San Francsco A
le Chateau
New York
Gen Electric
Mynd Corp
CitiGroup
Compaq Comptr
Prime Bil Pfb
Pfizer
Amer Find
Amer Online
EEX
Lucent Tech
Cooper Cos
At&t
Amer Resoint
Tyco Intl
Tandycrafts
Aetna
Matl Sciences
ProtectnOne
Ikon
Mepc Inti
Armsting Hidg
Tal Brasil Ads
Brasilia
TRI Commun
Nuvo Network Galaxy OnLine
Wavwve Telecom
Davin Energy Intl Landmark
Wamex Pharma
Illusion Sys
TM Bioscience
Navan Cap
Look Commons
Luxor Intl
Jones Soda
Grace Res
Microsoft
Oracle
Dell Comp
eLoyalty Cp
VintlonkdCom
Planet
JDS Uniphase
Click Commerce
Flextronics
Orthoviia
TSE
Fortis
Bank of NS
Helicot
Kimberly Clark
NYSE
Empire A
Etruscan Res
NovaGold Res
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