GW n. 总重(制导武器)
- GW Utilities, which has interests in oil production and transportation, paid a special dividend of C$10 a share, or C$393 million, in January following the sale of its 82% stake in Consumers Gas Ltd. to British Gas PLC.
- However, by encouraging acquisitions of foreign-owned companies, they left many domestic producers with unmanageable debt burdens. Two companies controlled by O&Y, GW Utilities and Gulf Canada Resources, own a total of 63.5 per cent of Home Oil.
- GW Utilities Ltd., which is controlled by the Reichmann family of Toronto, already has agreed to tender its 82% stake in Consumers' Gas to the British Gas offer.
- In American Stock Exchange composite trading Friday, GW shares rose 37.5 cents to close at $15.125.
- GW's sales of assets represent part of the Reichmann family's efforts to restructure their holdings and reduce debt.
- Toronto-based GW Utilities is itself expected to be taken public later this year by the Reichmanns, who offered through Olympia & York in January to acquire the company's remaining, minority-held shares.
- GW Utilities Ltd., a holding company controlled by Toronto's Reichmann family, agreed to tender its 82% stake to British Gas.
- GW shares closed yesterday on the Toronto Stock Exchange at 24.75 dollars, down 12.5 cents.
- The underwriting group plans to offer the shares bought from GW Utilities to the public on an instalment basis.
- Olympia & York has proposed acquiring the 10.7% of GW Utilities it doesn't already own.
- "GW believes that this will likely make that process easier," said the spokesman for GW Utilities.
- "GW believes that this will likely make that process easier," said the spokesman for GW Utilities.
- Acting jointly with GW Finn & Sons, it has just exchanged contracts at around Pounds 350,000 on Jossenblock, a Grade II Georgian house in more than two acres at East Langdon, near Dover.
- This represents rather less than the 10 GW of new capacity installed annually during the late 1970s.
- Proceeds would be used to reduce GW's debt.
- GW Utilities is a holding company with interests in natural gas transportation and distribution.
- In trading on the American Stock Exchange yesterday, GW Utilities shares closed at $24.75, up 75 cents.
- The buy-out plan has been on hold for nearly a year, since GW Utilities announced its intention of selling its 63.5% interest in Interprovincial and its 40.7% holding in Home Oil Co., a Calgary, Alberta, oil and gas concern.
- GW Utilities got $782.3 million from the sale of its 9% stake in British food and spirits concern Allied-Lyons, adding to the cash recently raised by companies controlled by Toronto's Reichmann family.
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