26 February 1996 00:00 [Source: ICB]
The board of Alberta Natural Gas (ANG) is recommending takeover by TransCanada PipeLines, after the latter raised its offer 50 cents to Can26.25/share. ANG has about 25.9m shares outstanding; TCPL already owns 49.5% of them. The offer expires 7 March. ANG recently reported Can$48.8m ($35.3m) profit on revenue of Can$665.4m for the year ended 31 December. About a quarter of the company's operating income comes from its speciality chemicals business, mainly nitroparaffins, produced by its subsidiary Angus Chemical Co in the US.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
Sample issue >>
My Account/Renew >>
Register for online access >>
|ICIS Top 100 Chemical Companies|
|Download the listing here >>|