Collenette denies he gave Onex information

Article Abstract:

Canadian Transport Minister David Collenette has denied allegations that he gave Onex Corp information that he planned to suspend competition rules for the airline industry. Toronto-based Onex Corp, which launched an unsolicited bid to acquire and merge Air Canada and Canadian Airlines International, has been reported to have bought C$43-million worth of Air Canada shares in the months leading to Collette's announcement on Aug 13, 1999. However, Onex said that the accumulation was part of its strategy to take over the airline.

Scheduled Airlines, Scheduled Air Transportation, Financial Holding Companies, Offices of Bank Holding Companies, Airlines, Onex Corp.

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Banks not expected to rush to altar

Article Abstract:

Despite the proximity of a finalization of legislation that will ease financial services mergers, it is expected that most banks will wait for the new guidelines to be settled before any new mergers are proposed.

Acquisitions and mergers

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Senate backs off banking bill

Article Abstract:

A bill that will free up mergers among the financial services industry will pass without any insisted changes by the Canadian Senate.

Canada. Parliament. Senate

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