First Marathon shareholders approve takeover

Article Abstract:

First Marathon Inc shareholders voted to approve the company's sale to Montreal, Canada-based National Bank of Canada for C$712 million. Majority of the shareholders were in favor of the deal, despite a class-action lawsuit, which argued that the purchase price is below the Toronto, Canada-based institutional brokerage's book value. Shareholders stated that they were happy with the deal, which calls for National to pay $26 in cash, or 1.3 shares of National for every First Marathon share.

Securities Brokerage, First Marathon Inc.

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UniHost takeover bid to proceed

Article Abstract:

Hotel company W-Westmont Corp of Toronto has launched a bid to acquire UniHost Corp of Mississagua, Ontario, for C$6 a share, putting the value of UniHost at around C$240 million. W-Westmount has earlier purchased a total of 18% stake in UniHost for C$6 a share from Lincluden Management Ltd and IG Investment Management Ltd, which still own a combined 25% stake in UniHost. W-Westmont's tender offer is open until May 21, 1999.

Hotels & Motels, Hotels (except Casino Hotels) and Motels, Hotels and motels, UniHost Corp.

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Smed sparks interest in wake of takeover bid

Article Abstract:

Holland Landing, Ont.-based Office Specialty Inc. has made a $169 million hostile takeover bid for Calgary, Alb.-based Smed International Inc., an office furniture manufacturer. Smed, which rejected the bid, has attracted the interest of other potential bidders.

Furniture & Fixtures, Furniture and Related Product Manufacturing, Furniture, Mergers, acquisitions and divestments, Furniture industry, Smed International Inc., Office Specialty Inc.

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