Woodbridge says payment on Bay receipts tendered
Article Abstract:
Woodbridge Co. Ltd. has received more than 98% of the final payment on Hudson's Bay Co. installment receipts as of 1 PM eastern time on October 2, 1998, as verified by a Woodbridge spokesperson. Woodbridge sold its Hudson's Bay stock in 1997, encompassing 13.2 million shares at a price of C$37.75 apiece, of which investors paid C$19 for a receipt and owed C$18.75 as of October 2, 1998. Woodbridge, based in Toronto in Ontario, Canada, is the Thomson family holding company, while Hudson's Bay, also based in Toronto, is a department store operator that registered sales of C$6.4 billion in 1997.
Comment:
Has received more than 98% of final payment on Hudson's Bay Co installment receipts as of 1 PM eastern time on October 2, 1998
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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U.S. buyout firm acquires Cott stake
Article Abstract:
Thomas H. Lee Co., an investment firm based in Boston, MA, has become the biggest shareholder of Cott Corp. of Toronto, Canada, in a deal worth $110 million. Thomas H. Lee's investment includes the acquisition of over 50% of the holdings of the Pencer family, who founded Cott as a manufacturer of retailer-branded soft drinks. The deal also includes the appointment of Frank Weise as the president and CEO of Cott. The move by Thomas H. Lee is set to reinforce Cott's struggling market position in Toronto.
Comment:
Becomes the biggest shareholder of Cott Corp of Toronto, Canada, in a deal worth $110 mil
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Cott to split operations into U.S., Canadian
Article Abstract:
Cott Corp., a softdrink manufacturer based in Toronto, Ontario, is dividing its North American operations into US and Canadian divisions. The US unit will be based in Tampa, FL, and will be headed by David Bluestein. The Canadian unit will be headquartered in Mississauga, Ontario, and led by Mark Benadiba. Each unit will have its own product development, production, sales and marketing, distribution and creative departments. Cott reported revenue of C$1.48 billion for the year ended Jan. 31, 1998.
Comment:
Is dividing its North American operations into US and Canadian divisions
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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