Americas: Canada: Company Buys Pipe Maker
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A Canadian steel maker, Ipsco, said it was buying the NS Group, a maker of steel pipes and tubes used in oil fields, for about $1.46 billion. The deal will be used to broaden IpscoÂs sales to the energy industry, the chief executive, David Sutherland, said. ÂThis is a transaction thatÂs all about growth, and if anything, what we will see over the next three years is a growth in the output of all of their facilities, as well as the continuing demand on our own,Â Mr. Sutherland said in a conference call. Ipsco agreed to pay $66 a share for the NS Group, which was a 43 percent premium to its closing price on Friday. After the transaction is complete, the new company is expected to have combined annual revenue of more than $4 billion. Ipsco, which is based in Regina, Saskatchewan, and has executive offices in Leslie, Ill., operates three steel mills and six pipe mills in the United States and Canada. The NS Group is based in Newport, Ky.
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US buyout specialist Kohlberg Kravis Roberts &amp; Co. is buying Masonite International (MHM.TO: Quote, Profile, Research) , a Canadian-based maker of building products
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Canadian aluminum producer Alcan Inc. reported Thursday that it agreed to sell its ferroalloy division Pechiney Electrometallurgie to Ferroatlantica for more than 100 million euro ($136.2 million).
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DALLAS (CBS.MW) -- The Dutch government agreed Monday to buy the pipeline unit of the Dutch gas company Gasunie for $3.55 billion from Exxon Mobil and the Royal Dutch/Shell Group.
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SYDNEY/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc   signed a $38.1 billion cash deal to buy Canada's Alcan Inc. , creating the world's biggest aluminum producer, the companies said on Thursday, trumping a hostile offer from Alcoa Inc .
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Teck Cominco, a mining company and metals producer, has agreed to buy Aur Resources for 4.1 billion Canadian dollars ($3.9 billion) in cash and stock.
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LONDON (CBS.MW) -- Independent Canadian oil and gas company Nexen is to buy the UK subsidiary to fellow Canadian independent Encana for $2.
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NEW YORK Loews Corporation has agreed to purchase Gulf South Pipeline LP from Entergy-Koch LP for one-point-14 (b) billion dollars.
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International Forest Products Ltd., a Canadian lumber producer, agreed to buy Riverside Forest Products Ltd. for C$368 million ($290 million) in cash and stock, topping a hostile bid from Tolko Industries Ltd.
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CALGARY - EnCana Corp. is selling its North Sea operations for $2.1 billion US in cash to another Canadian company, Nexen Inc. The UK subsidiary of EnCana has a stake in three oilfields, plus interests in
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SYDNEY/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc has agreed to buy Canada's Alcan Inc. for $38.1 billion to create the world's biggest aluminum producer, the two firms said on Thursday.
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Inco, one of CanadaÂs two largest mining companies, agreed Sunday to be acquired by Companhia Vale do Rio Doce of Brazil for $17 billion.
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British cigarette maker Imperial Tobacco said it would buy Commonwealth Brands, the fourth biggest player in the United States, for 1.9 billion dollars (1.46 billion euros).
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Abu Dhabi National Energy Co   will buy Canada&#39;s Primewest Energy Trust (PWI_u.TO)  for C$5 billion in cash, Primewest said on Monday, as the  state-controlled firm makes good on plans to turn its new  Canadian unit into a major oil producer.
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CALGARY (CP) - TransCanada Corp., one of Canada&#39;s biggest pipeline and power generation companies, has struck a deal worth $641 million to buy 41 hydroelectric generating stations from insolvent American power producer USGen New England Inc.
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Global miner Rio Tinto was near a deal  to buy Canadian aluminum giant Alcan Inc. for about $100 per  share, or $37 billion, The Wall Street Journal Online reported  on Thursday.
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Rio Tinto Ltd./Plc. has agreed to buy Canadian aluminum company Alcan Inc. for $38.1 billion, in a move that creates the world's biggest aluminum company.