CN gets U.S. approval to buy railway

Article Abstract:

Canadian National Railway Co's proposed $2.4-billion acquisition of Illinois Central Corp has been approved by the Surface Transporation Board (STB). The merger would create a 30,000-km system connecting the Atlantic and Pacific coasts to the Gulf of Mexico. STB said that the deal would generate more than $100 million in public benefits annually, and would result in a highly efficient railway system that spans the entire US and the Canadian border to the Gulf.

Railroads, Rail Transportation, Canadian National Railway Co., Illinois Central Corp.

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U.S. forms maker to divest unit

Article Abstract:

Toronto, Ont.-based Moore Corporation Ltd. is expected to buy Dayton, Ohio-based Reynolds and Reynolds Co.'s Information Solutions Group. Other bidders for ISG include Wallace Computer Services Inc. and Standard Register Co.

Computer Systems Design and Related Services, Contract Software & Services, Business Forms, Manifold Business Forms Printing, Computer integrated systems design, Manifold business forms, Computer services industry, Information technology services industry, Software support services, Moore Corporation Ltd., Reynolds and Reynolds Co., Standard Register Co., Wallace Computer Services Inc., REY, SR, WCS, Printing industry, Information Solutions Group Inc.

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New E.D. Smith owner keen to back its growth

Article Abstract:

E.D. Smith and Sons Ltd. was acquired by merchant bank Imperial Capital Corp. The acquisition will allow the jam maker to grow and be effectively competitive throughout Canada and into the United States.

Investment Banking and Securities Dealing, Investment Banking, Fruit and Vegetable Canning, Security brokers and dealers, Canned fruits and vegetables, Jams, Jellies & Preserves, Banking industry, Investment banks, Food industry, E.D. Smith and Sons Ltd., Fruit spreads, Imperial Capital Corp.

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