BFI income trust puts in its faith in the garbage bin: Purchase of IESI serves as beachhead into the lucrative American market

Article Abstract:

Keith Carrigan, chief executive officer of BFI Canada Income Fund claims that garbage hauling business, with a stream of revenue that is not affected by the business cycle, is ideally suited to an income trust structure requiring monthly cash distributions to investors. BFI made a $1.1 billion deal to acquire much larger Texas-based IESI Corp thus acquiring a powerful position in the North American garbage business.

Refuse systems, Refuse disposal industry, Waste management industry, Growth, Company growth, IESI Corp.

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Magna shareholders back spinoff

Article Abstract:

Belinda Stronach, the chief executive officer at Magna International Inc., reported that the firm will spin off its real estate and racetrack businesses. Magna will become a publicly traded company in early September.

Automobile industry, Magna International Inc.

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Telfer: 'man, what a Merry Christmans.'

Article Abstract:

Chief executive officer Ian Telfer of Goldcorp Inc. acquires assets of Placer Dome Inc. for $1.485 billion from Barrick Gold Corp. The details of the deal are presented.

Financial management, Primary nonferrous metals, not elsewhere classified, Management dynamics, Executive changes & profiles, Mining & Extractive Industries, Mining, Gold ores, All Other Metal Ore Mining, METAL MINING, Ferroalloy Ores, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, Management, Officials and employees, Company investment, Investments, Mining industry, Gold industry, Company business management, Barrick Gold Corp., Placer Dome Inc., Mineral industry, Goldcorp Inc., GG, ABX, Telfer, Ian

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