Prudential Steel merging with U.S. firm

Article Abstract:

Canada's Prudential Steel merges with Maverick Tube Corp., creating the largest pipe and tube manufacturer in North America.

Steel Pipe & Tubing, Iron and Steel Pipe and Tube Manufacturing from Purchased Steel, Steel pipe and tubes, Pipe industry, Pipe and tube industry, Steel products, Maverick Tube Corp., MAVK, Prudential Steel Ltd.

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N.S. halts $30-million sale of Sysco

Article Abstract:

The sale of Sydney, NS-based Sydney Steel Corp. to a consortium, which includes Akron, Ohio-based Reserve Group and Canada's Titanium Co., has been blocked by the Nova Scotia government. The deal, which has been valued at $30 million, leaves Sysco's 700 workers up in the air about their future.

Government domestic functions, Nova Scotia, Sydney Steel Corp., Titanium Corporation of Canada, Reserve Group

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U.S. firm snaps up CAE's marine division: Company to focus on aviation assets

Article Abstract:

CAE Inc., Canadian flight simulator maker has revealed the first phase of its back-to-basics aviation strategy by selling its marine unit for $276-million to US defense contractor L-3 Communications Corp. CAE that is presently at Toronto intends to concentrate on training pilots and building flight simulators as it seeks to expand in the military and commercial aviation market.

Telephone and telegraph apparatus, Contracts & orders received, Electronic Components and Accessories, Contracts & orders let, Company acquisition/merger, Telecommunications equipment industry, Contracts, Electronic components industry, Contract agreement, CAE Inc., LLL, L-3 Communications Corp.

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