Northern Telecom rumoured as suitor for Bay Networks

Article Abstract:

Northern Telecom Ltd. of Brampton, Ontario, was rumored to have interest in acquiring Santa Clara, CA-based Bay Networks Inc. But according to news reports, Bay Networks refused the takeover bid of Northern Telecom, and the former is preparing to seek other offers. For months, Bay Networks has been the subject of takeover reports and that Northern Telecom and Murray Hill, NJ-based Lucent Technologies Inc. are considered the most possible suitors. An analyst comments Bay Networks would be a good buy for the two firms since the company is a specialist in networking equipment for computers, while Lucent and Northern Telecom are specialists in telecommunications equipment, and the two firms are attempting to incorporate telephone and computer systems.

Comment:

Is rumored to have interest in acquiring Santa Clara, CA-based Bay Networks Inc

United States, Telecommunications Equipment, Communications Equipment Manufacturing, Computer Auxiliary Equip, Computer and Peripheral Equipment Manufacturing, Telecommunications systems, Computer peripherals, Northern Telecom Ltd., Bay Networks Inc.

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Domtar buys E.B. Eddy

Article Abstract:

Domtar Inc. is to see annual sales increase by C$1 billion to C$3 billion in purchasing Ottawa, Ontario-based E.B. Eddy Ltd. for C$903 million. Domtar will become one of the largest fine paper companies in North America with an acquisition of E.B. Eddy from George Weston Ltd. Weston had been planning to divest the firm through an initial public offering in hopes of raising up to C$1 billion. Montreal, Quebec-based Domtar is buying E.B. Eddy for C$435 million in cash and company shares worth C$368 million, while Weston will then turn around and issue C$375 million in debentures convertible into Domtar shares.

Comment:

Is to see annual sales grow by C$1 bil to C$3 bil and be one of largest fine paper cos in N Amer in buying EB Eddy for C$903 mil

Paper & Allied Products, Paper Manufacturing, Quebec, Paper industry, Domtar Inc., E.B. Eddy Ltd.

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Black snaps up Financial Post

Article Abstract:

Sun Media Corp. is offering Southam Inc., the largest newspaper chain in Canada, C$150 million as well as an 80% interest in 'The Financial Post' newspaper in exchange for four Southam Dailies in Ontario. Under the asset swap deal, Sun Media will receive The Hamilton Spectator, The Record in Kitchener-Watrerloo, The Cambridge Reporter and The Daily Mercury in Guelph. The acquisition of The Financial Post allows Southam, which is headed by media baron Conrad Black, to strengthen its plans to introduce a new national newspaper scheduled for October 1998.

Comment:

Will exchange 4 of its daily newpapers in Ontario for C$150 mil plus 80% interest in 'The Financial Post' from Sun Media Corp

Newspapers, Newspaper Publishers, Colorado, Newspaper publishing, Southam Inc., Sun Media Corp.

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