Air Canada receives formal takeover offer from Onex

Article Abstract:

Onex Corp formally presented its acquisition bid for Air Canada on Sep 8, 1999. It could not, however, make its bid official because of the regulatory problems in the US due to the intricate nature of its cash and stock bid. Onex chmn Gerald Schwartz met with Air Canada CEO Robert Milton for the first time since Onex's $1.8 billion bid was announced two weeks ago. Copies of Onex's 127-page offering document was given to each of Air Canada's 13 directors.

Asset sales & divestitures, Acquisitions & mergers, Offices of Bank Holding Companies, Financial Holding Companies, Onex Corp.

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Business leaders fear growing rift with U.S

Article Abstract:

Businesses in Canada that have operations or trade with the United States are concerned over the political conflict between the U.S. and Canada over war with Iraq. Industry analysts said that the U.S. is not likely to economically punish Canada over the issue.

United States, Foreign trade, Iraq, Economic aspects, International trade, Military aspects, Wars, War, War economy

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