|
|
Category:
Press » Finances
|
|
Fording sells to Teck Cominco
|
Popularity: 
Views: 1880
|
|
2008-07-30 06:07:30
|
 |
Stockhouse Inc.
|
 |
|
Stockhouse reports that Fording Canadian Coal Trust ("Fording") (TSX: FDG.UN) (NYSE: FDG) today announced that it has entered into an agreement to sell all of its assets to Teck Cominco Limited. Fording unitholders will receive $93.76 per unit payable in a combination of US$82.00 cash and 0.245 of a Teck Cominco Class B subordinate voting share ("Teck Cominco Shares") per Fording unit (All amounts in Canadian dollars unless otherwise noted). The Transaction is structured as a sale of assets by Fording and a subsequent distribution to Fording unitholders of the Unit Proceeds.
The demand to for energy has increased the value of coal assets and the industry has been reporting strong results. The coal industry is seeing more activity on the mergers and acquisitions front as larger players seek to consolidate their reserves in front of strong demand. On July 16, 2008 Alpha Natural Resources (NYSE: ANR) announced merger agreement with Cleveland Cliffs (NYSE:CLF). Industry fundamentals could support more buyout activity in the industry.
|
| URL: |
http://stockhouse.com
|
|
|
Related Press releases |
|
Investment And Wealth Creation (Popularity: ): This is because wealth building takes years of strategic financial planning as well as sustained investment and wealth creation efforts. At FBNQuest, we’re committed to helping our clients build and manage generational wealth through our excellent wealth advisory and management solutions. In this article, we will highlight the need for wealth planning and strategies you can leverage in wealth creation.Investment and Wealth Creation
Wealth creation is a process of growing your ...
Ethical mutual funds (Popularity: ): FBNQuest Launches the FBN Halal Fund for Ethical Investing
In a bid to provide investors with investment options that improve financial inclusion and align with ethical beliefs, FBNQuest Asset Management, a subsidiary of FBN Holdings recently launched the FBN Halal Fund.Regulated by the Securities and Exchange Commission (SEC), the FBN Halal Fund is an open-ended mutual fund designed to meet the needs of investors seeking long-term income generation, as it offers ...
Goldsmith & Company: Leading the Way in Financial Services with Expert Chartered Accountants in North London (Popularity: ): London UK, (press.abc-directory ) 11 May 2023 - Goldsmith & Company, a premier accounting firm, is proud to offer exceptional financial services with their team of expert chartered accountants in North London. By delivering tailored solutions to help businesses and individuals navigate the complexities of financial management, Goldsmith & Company has become a trusted partner for clients seeking expert advice and support.In today's ever-changing financial landscape, it is crucial for ...
Atlas Insurance Agency Discusses Hawaii Commercial Property Insurance (Popularity: ): Honolulu, Hawaii ( press.abc-directory.com ) October 10, 2022 - Atlas Insurance Agency, a Hawaii property and casualty insurance agency, has recently delivered an article discussing the basics of Hawaii commercial property insurance. This new informational resource was written by the insurance agents at Atlas to provide business owners in Hawaii with information about business property coverage that is unique to their state. The Atlas team is made up of experienced ...
Georgia Business Insurance Agency Releases a New Educational Resource on Commercial Auto Insurance (Popularity: ): Alpharetta, Georgia ( press.abc-directory.com ) August 4, 2021 - Southern States Insurance has recently released a new educational resource that discusses commercial auto insurance and the details of coverage. The new blog is guided by the Georgia commercial auto insurance experts at Southern States Insurance who have extensive experience helping those in the commercial auto industry get thorough and comprehensive coverage.Southern States Insurance offers readers some valuable information that helps ...
|
|
Related Business |
|
MiningSurplus.com (Popularity: ): MiningSurplus.com was established by Teck Corporation and Cominco Ltd. to market surplus used mining and processing equipment and parts from their mining operations in North America.
Imaginatik (Popularity: ): World-wide leader for Software and Research on Enterprise-wide Innovation Management, Idea Management, Knowledge Management, and Employee Suggestion Systems. Imaginatik technology is used for New Product Development, Stage Gate processes, and other B2E and employee involvement applications by the world's biggest companies. Clients include Bristol-Myers Squibb, Teck Cominco, Cadbury-Schweppes, Hallmark, and many other Fortune 500 companies.
Cominco Ltd. (Popularity: ): Producer of copper, molybdenum, and germanium, as well as zinc and lead concentrates.
Teck Serve: Technical Support Services (Popularity: ): Teck Serve is a leading provider of technical support offers online computer tech support services for browser, router, Email, printer & more. Technical support for all types of computer software issues for almost all the popular brands is available here along with support services for browsers support, Routers support, Email support clients, OS issues or any other complex networking issues.
Teck International Traders (Popularity: ): Exporter of used tractors and parts.
Global Teck (Popularity: ): Carries a wide array of telephone equipment.
E-teck, Ltd. (Popularity: ): Manufactures a complete range of high performance professional chemical maintenance products for a variety of industries.
Teck Arts Industrial Co., Ltd. (Popularity: ): Taiwanese manufacturer of custom lapel pins, keychains, embroidered patches and medals.
Geo-Teck Heating & Cooling Limited (Popularity: ): Full service residential HVAC contractor serving Huron and Lambton Counties, Ontario, Canada.
Teck Sang (Pte) Ltd. (Popularity: ): Importer, exporter and wholesaler of traditional Chinese food products including seafood, nuts, pulses, and spices. Contact and product information.
|
|
|
|
Print press release
Bookmark this page