Supreme Court freezes Quintette Coal during six month reorganization
The British Columbia Supreme Court ordered a six month halt on actions against Quintette Coal Ltd as it implements a corporate reorganization. Japanese steel buyers delaying payments prompted the move, with an arbitration ruling requiring Quintette to pay $46 million and set coal prices for 1990 and 1991.
MENTIONED IN THIS ARTICLE
Vancouver
Supreme Court of British Columbia
Quintette Coal Ltd
Quintette
Paul Kostuik
Kostuik
Drexel Auction Lifts Small Firm as Junk Bond Era Ends
In New York a Drexel Burnham Lambert liquidation auction drew 7,000 bidders at Javits Center. Pat Thompson won Drexel desks and cabinets for 800, filling her start up room. buyers eyed Milken era legacy items amid the bankrupcty of a Wall Street giant.
MENTIONED IN THIS ARTICLE
New York
Drexel Burnham Lambert
Pat Thompson
Thompson
Drexel
Jacob K. Javits Convention Centre
U.S
Wall Street
Michael Milken
Milken
Maria Palace
Krupp unit eyes Sheet Harbour engine plant sale
Canadian Diesel Power Inc. agreed to buy NIC Diesel Power’s nearly finished diesel engine plant at Sheet Harbour for 8.4 million, a fraction of debts totaling about 18 million. The deal requires fresh financial aid from Ottawa and the Nova Scotia government, previously cut off, before closing.
MENTIONED IN THIS ARTICLE
Halifax
Krupp Steel
West Germany
Sheet Harbour
N.S
Rick Black
Canadian Diesel Power Inc
Krupp Mak Machinenbau Gmbh
Peter Cleveland
Ernst and Young Inc
Ottawa
NIC Diesel Power Inc
NIC
Black
Ottawa Roughriders
Canada
Krupp Mak
ABN Bank of Canada
Placer Dome Maintains Bid for Eskay Creek Stake
Placer Dome Inc. of Vancouver keeps its offer to gain control of Stikine Resources and its Eskay Creek stake. It bid $67.50 or 342 Placer shares per Stikine share, boosting its stake to 5.2 percent after buying more shares and drove Stikine to $67 amid heavy Toronto trading.
MENTIONED IN THIS ARTICLE
Vancouver
Canada
Stikine Resources
Eskay Creek
British Columbia
Placer Dome Inc
Corona Corp
Stikine
Toronto Stock Exchange
Placer
Placer Dome
Corona
Also Mentioned on This Page
Drexel Bye
Kitchen Cabine Centre
South Railway ST
Jim Stadelman
Krupp
Atlantic Canada
ACOA
Cleveland
The
Medical Arts Centre
Carry Drive
S.E
Shorney Optical
Carry Drive Pharmacy
Snyder & Boon Ltd. Mechanical Contractors
Southwest
Medical Arts
Contempora
18Th Street
S.W
Wes
Cleaning Supplies Ltd
Kingsway Avenue S.E
Grassroots Landscaping & Irrigation Ltd
Gershaw
Medicine Hat
Nagel's Metal Contractors Ltd
Stationers Ltd
St. S.E
Medicine Hat Mall
Albert
Royal Bank
3Rd Street
GWN Structures Inc. Steel
National Neon
5Th Avenue
Lethbridge
Alberta
Drive Pharmacy
Carrpets Ltd
South Railway
Bill's
16Th Street
Electric
Moritz Masonry & Tile Supply
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