Superior bids for Petrocan unit

Article Abstract:

Superior Propane Inc., based in Calgary, Alberta, has offered about C$200 million to purchase ICG Propane Inc., the propane subsidiary of Petro-Canada. The proposed acquisition would provide Superior 70% of the retail propane distribution market in Canada. Superior Chairman and CEO Grant Billing said that his firm is nearing a deal with ICG that would help it reduce costs and make a more efficient distribution system. Superior holds 40% of the market, whereas ICG controls 30%, a fact that would trigger opposition from some consumer groups.

Comment:

Offers about C$200 mil to purchase ICG Propane Inc., the propane subsidiary of Petro-Canada

Alberta, Fuel & Ice Dealers, Fuel Dealers, Superior Propane Inc., ICG Propane Inc., Article

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Enron unit files rival bid for Blue Range assets

Article Abstract:

Enron Capital and Trade Resources Canada, a unit of US energy giant Enron Corp, launched a C$200-million rival bid for the assets of Blue Range Resources Corp, currently owned by Big Bear Exploration Ltd of Calgary, Canada. Up to 20 lawyers are expected to be hired by Enron to look into the value of Blue Range's oil and gas holdings. Enron is competing with Calgary-based Canadian Natural Resources Ltd for Blue Range's assets.

Crude Petroleum and Natural Gas Extraction, Utilities, Oil & Gas Fields, Energy, Natural gas fields, Oil fields, Blue Range Resources Corp.

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ACE aims high with spinoff of repair unit

Article Abstract:

The decision of ACE Aviation Holdings Inc. to sell its aircraft maintenance division and add workforce at its El Salvador plant is discussed.

Personnel administration, Aircraft, Human resource management, Mergers, acquisitions and divestments, Company acquisition/merger, Aircraft industry, Company personnel management, ACE Aviation Holdings Inc., ACE.RV

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