Fuel Systems Solutions, Inc. through its wholly owned subsidiary IMPCO Technologies, Inc. and Alternative Fuel Systems announced that they have entered into a support agreement pursuant to which IMPCO has agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of AFS for Cdn.$0.50 in cash per share (the “Offer”). The purchase price under the Offer represents a 66.7% premium over the average closing price... Read more..
Bruce Power is pleased to announce it will conduct an Environmental Assessment (EA) as it considers building a nuclear generating station in the Haldimand-Norfolk region of southern Ontario. The assessment, which could take nearly three years to complete, will examine the environmental and social impacts of building two reactors to generate between 2,000 and 3,000 megawatts of low-emissions electricity. It will also consider how other clean energy... Read more..
Buckeye GP Holdings L.P. confirmed that the Board of Directors of MainLine Management LLC, the general partner of BGH, has received an unsolicited proposal from BGH GP Holdings, LLC (“BGH Holdings”) to acquire all of the outstanding common units of BGH that are not already owned by BGH Holdings for $17.00 per common unit in cash. The Board of Directors of MainLine Management LLC has formed a Special Committee, composed of the Board’s... Read more..
In its Directors’ Circular filed today, the Board of Directors of Waratah Coal Inc. unanimously recommends that holders of Waratah common shares reject the unsolicited partial offer from Mineralogy Pty Ltd. and not tender their Shares to Mineralogy. In reaching this recommendation and concluding that the Mineralogy partial offer is not in the best interests of Waratah or to shareholders, the Board of Directors carefully reviewed and considered... Read more..
Energy West, Incorporated announced that it has entered into a definitive agreement to acquire Orwell Natural Gas Company, Northeast Ohio Natural Gas Corp. (NEO) and Brainard Natural Gas Corp., three natural gas distribution companies headquartered in Mentor, Ohio, that serve customers in Northeast Ohio and Western Pennsylvania. The acquisitions will add approximately 21,000 new customers to Energy West’s growing service areas. When completed,... Read more..
Brookfield Asset Management Inc. Pursuant to the early warning requirements of applicable Canadian securities laws, Tricap Partners Ltd. (“Tricap”) wishes to update its previous early warning report dated December 24, 2007 filed in respect of Birch Mountain Resources Ltd. (the “Corporation”). On December 21, 2007, Tricap announced it had subscribed for a convertible debenture in the principal amount of $31,500,000 (the “Debenture”)... Read more..