Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 24, 2006, Winnipeg, Manitoba Lqqlshj?v3uhplhuh ,qyhvwphqw b7 cops do thursday August 24, 2006 cab Board ruling the trunk in a hybrid civic is too Small for it business re frus Rudh Qaq Fth dog to be used As a taxi Thuy Luhv Foo Xiv do re Al vow Rhu Zhe Vlah Zzz mrs ads Lido Fri editor Steve Pona 697-7264 i Market details b9 i i business b8 up tax 12,195.08 6.07 Dow 11,297.90 41.94 Nash a 2,134.66 15.36 Dollar 89.86? . 0.21?. Oil $71.42barrel 1.22barrel Gold $623.70troy of 0.90troy of province invests in Homegrown equity fund by Geoff Kirbyson Canterbury Park capital is moving into its final fundraising stage but its going to end up Short of its goal even with a $10-million investment yesterday by the Manitoba government. The Winnipeg based private equity fund launched last september by four of Winnipeg a Best known businessmen to acquire private businesses with High growth potential in Canada and around the world has raised about $150 million. Marty Weinberg president of Canter Bury Park said yesterday he a optimistic approximately $50 million More will be raised before the fundraising Effort Clos Rachele Labrecque / Canadian press archives is this fall. Domars Cornwall ont., Mill. Dom tar plans to merge with . Forestry giant Weyerhaeuser Fine paper business in a $3.3-billion us Deal. Canterbury Parks other founding partners Are Leonard Asper ceo of can West global communication corp., his brother David executive vice president of can West and Bob Silver presi Dom tar . Giant to merge Dent of Western Glove works Ltd. And part owner of the Winnipeg free Deal would create continents press. Last fall the quartet announced biggest maker of free Sheet paper its intention to raise up to $300mer Dom tar shareholders the Compa by Ross Marowitz million. Nies said. The transaction has been it was a diff approved by the boards of directors of cult fundraising we have very m ont real ? another iconic both firms but still requires other environment sinc Canadian company is seeking approvals. A substantial por stringent dual citizenship after Dom tar on the Toronto and new York Stock Tion of the private investment inc. Tax dec announced plans to markets Dom tar investors reacted equity Industry merge with . Forestry giant Wey negatively to the merger plan Send criteria. Was in fundraising Gerhaeusser nose by Fine ing the firms shares Down. Mode on their we re looking paper business in a $3.3-billion us in midday trading yesterday in Ond third or for the right Deal. Toronto Dom tar shares were Down 6.8 fourth funds. As athe merger announced yesterday per cent or 52 cents to $7.13. And in first time fund we fit. We re would create North americas largest new York they were Down 6.4 per cent found it Challenge patient Ryan Remiorz / Canadian press archives manufacturer of uncoated free Sheet or 44 cents to $6.43 us. Ing Weinberg paper and the second largest in the Weyerhaeuser shares increased 2.05 Raymond Royer says move the merger make firm an Industry Leader. Said in an inter investors world with a value of $6 billion us per cent or $1.23 to $61.26 us on the View. ? Canterbury Montreal based Dom tar says. New York Stock Exchange. The trans firm and nearly 14,000 employees Dom tar estimates the new Compa he said the Park the new company to be called Dom action includes a $1.35-billion us Cash would be led by Domars current ceo by would generate about $6.5 billion majority of the Marty Weinberg tar will have its head office in Mon payment to Weyerhaeuser. That Cash Raymond Royer. Us in annual sales. By doubling its Money raised real while the Headquarters of payment plus the closing Price of with this transaction Dom tar is Tak paper making capacity the new com came from High net Worth family office operations will be in fort Mill . But Dom tar Stock on aug. 22, results in a ing a proactive and decisive step to Pany will be better Able to compete by across the country and financial ins Titu it will become a . Corporation for transaction value of $3.3 billion us transform the company into a Leader in expanding its just in time delivery tons including key chartered Banks. Tax purposes that Benefit shareholders Weyerhaeuser said. The Fine paper Market while strength Royer said. Manitoba a venture capital Market has of both companies. All shares of Dom tar would be ening the financial profile of the Busi the merger in to expected to Lead to been in some difficulty since the labour the combined company would be exchanged on a one for one basis for Ness and bringing significant upside any layoffs or Plant closures or sales. Sponsored Crocus investment fun downed 55 per cent by Weyerhaeuser common shares of a Canadian sub potential to shareholders Royer said in stopped trading in december 2004, cast ? Canadian press shareholders and 45 per cent by for Sidary of the new Dom tar. The new a conference Call with analysts. Ing a chill Over fundraising efforts in the sector. One local venture capital player who asked not to be identified said he thought Canterbury Park did Well considering it does to have a track record in venture capital. When they take the mergers acquisitions soar to record Levels year earlier valued at $33.6 billion. Are formulated etc.,? said Joseph Man firm Thysse Krupp a. By Rita Trichur Money they be got and do Well with it but with foreign takeovers continue Cruz a professor at the University Canadian legislation is actually very they la have a bigger fund the next time ing to be a significant Driver of Overall of Toronto a Rotman school of Man Liberal with regard to inbound foreign Toronto ? Canadian merger and a a activity the Canadian sellout is gement. That Means to that extent investment a Cruz said. And recent he added the positive is another acquisition activity soared to record sparking serious concerns about the Canada is weaker As a by Canadian firms have been regard venture fund is established in Manito Levels in the second Quarter led by disappearance of Domestic head he Points to Canadian steelmaker Edas attractive takeover a. Years ago we had Mega deals in the thriving metals and offices and the dearth of Canadian Donasco inc., which was scooped up the Crosbie report found there were the provincial government announced mining sector says investment Bank firms aggressively acquiring abroad. Earlier this year by Luxembourg based 360 Cross Border transactions totalling yesterday an investment of $10 Millio Crosbie & co. I think that does pose potential Arvelor a in a multimillion Dollar Deal. $80.2 billion in the first half of 2006, in the fund through Manitoba develop its report released yesterday found problems for the country in the Long while Donasco has a Branch office in compared to 222 transactions Worth ment corp. The number of deals increased to 480 run because the head office is usually Canada its head office is abroad and it $43.3 billion for the same period last and they were Worth a record $86.1 Bil where research and development is could be shifted again Given lingering year. 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