Manalta seeks bylaw change to buy coal firm

Article Abstract:

Manalta Coal Income Trust is seeking a bylaw change from the company's investors in an effort to acquire another coal company, a move that reflects the company's persistence to resist a C$550-million hostile takeover bid by rival Luscar Coal Income. Manalta spokesman John Taylor said that they will continue to fight Luscar's offer, but did not divulge information regarding the company's acquisition plan. Meanwhile, Luscar Ltd. President Gordon Ulrich ignored Manalta's latest move, saying that it will not obstruct their takeover bid, particularly when Manalta already dropped its poison pill defense.

Comment:

Is seeking a bylaw change from investors to acquire another coal company, reflecting its continued fight against a takeover bid

Coal, Coal Mining, Article, Manalta Coal Income Trust

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'Little fluctuation' doesn't faze Wi-LAN

Article Abstract:

Calgary, Alb.-based Wi LAN Inc., which is a provider of high-speed wireless data communications products, has lost approximately $1 billion in market capitalization due to the tech sector collapse. Wi LAN, which is led by chairman and chief executive officer Hatim Zaghloul, gave an optimistic forecast at its annual shareholders meeting.

Radio & TV communications equipment, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Mobile Radio Systems, Management, Wireless communications, Telecommunications equipment industry, Wi LAN Inc.

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More tax cuts possible, Goodale says

Article Abstract:

Finance minister Ralf Goodale is open to make tax cuts aiming to improve Canada's social and economic performance, which will boost Canada's economic competitiveness in spite of tight fiscal position. Goodale is particularly interested in ways to reduce taxes for low and middle-income people.

Taxes, Venture Analysis, Planning, Taxation, Economic aspects, Economic conditions, Business enterprises, Company business planning

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