Learning Co. sells tax unit to CCH Canadian

Article Abstract:

Learning Co. has sold its Toronto, Ontario-based tax preparation software business to CCH Canadian Ltd. for $45 million in cash. The sale of the tax unit, which sells HomeTax and CanTax software, will open Learning Co. to new investments in Ontario and Quebec. Learning Co.'s investment plans include a potential joint venture with an unnamed software maker for the creation of animated, multimedia versions of the company's popular educational software. CCH Canadian, meanwhile, is expected to increase its revenue to about C$70 million following its purchase of the tax software unit, according to President and CEO John Pineo.

Comment:

Sells its Toronto, Ontario-based tax preparation software business to CCH Canadian for $45 million in cash

Software Publishers, Acquisitions & mergers, Facilities & equipment, Financial, Acctg Software Pkgs (Micro), Financial software, Learning Company Inc.

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Intelcan shelves $28-million IPO

Article Abstract:

Intelcan Technosystems Inc., a Nepean, Ontario-based engineering and construction company, has postponed its C$28-million initial public offering. The move is a result of the weak stock market conditions in Canada. The company wanted to use the proceeds from the IPO to expand into Latin America and Eastern Europe. The company's growth will not be affected by the postponement of the IPO, since it obtained alternative sources of financing to expand Intelcan's headquarters, form new subsidiaries and develop new products. Intelcan posted earnings of C$6.5 million in 1997, and revenues of C$42.7 million.

Comment:

Postpones its C$28-million initial public offering due to the weak stock market conditions in Canada

Construction, Organizational history, Intelcan Technosystems Inc.

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Chapters turns over new leaf

Article Abstract:

Toronto, Canada-based Chapters Inc, the biggest book retailer in Canada, will advertise on the Web site of on-line auction house Bid.Com International Inc. The agreement also allows Chapters to utilize Bid.Com to auction limited edition, rare and signed books. As part of its venture into the Internet, Chapters also unveiled its own Web site, www.chapters.ca.

Services information, Chapters Inc.

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