IDS extends bid for Scintrex

Article Abstract:

IDS Intelligent Detection Systems Inc. of Ottawa, Ontario, extends its C$45 million hostile takeover bid for Scintrex Ltd. of Concord, Ontario. The company will also ask the Ontario Securities Commission to eliminate Scintrex's poison pill plan. Meanwhile, Scintrex is determined to contest the application, hoping that it can get a better offer by the time that hearing begins. IDS has already gotten 1.6 million shares under its offer, which on a fully diluted basis is 49.5% of the total and a little under the 51% threshold previously set by the company.

Comment:

Extends its C$45 million hostile takeover bid for Scintrex of Concord, Ontario

Other Measuring and Controlling Device Manufacturing, Navigational, Measuring, Electromedical, and Control Instruments Manufacturing, Engineering & Scientific Instr, Chemical Warfare Agent Detectors, Instruments (Equipment), Chemical detectors, Chemical weapons, Scintrex Ltd., IDS Intelligent Detection Systems Inc.

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Bell buys control of Mpact

Article Abstract:

Bell Canada is selling Bell Emergis, the company's electronic commerce unit, to Mpact Immedia Corp. of Montreal, Canada, in an agreement worth C$547.2 million to secure a controlling interest in Mpact, with 48 million shares. Mpact's agreement with Bell Canada will more than triple the former's revenue, to a minimum of C$75 million, double the size of its total workers to 400, and propel the company's entry into the global market. The 11-month-old Bell Emergis is a developer and seller of software intended for new communication network services.

Comment:

Is buying Bell Emergis, the electronic commerce unit of Bell Canada, in a deal worth C$547.2 mil

Parent-to-subsidiary activities, E-commerce software, Bell Canada, MPACT Immedia Corp.

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Cash-rich energy firms set to spend

Article Abstract:

Canada's top energy companies are expected to go on buying sprees in 2003.

Mergers, acquisitions and divestments, Company acquisition/merger, Energy industries, Energy industry

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