Manulife IPO could reach $3.2-billion

Article Abstract:

Manufacturers Life Insurance Co of Canada is projecting to raise some C$2.0 billion-$3.2 billion from the initial public offering of its stock. The company expects a price of C$20 to C$23 when it closes the offering of 138 million common shares on Sep 30, 1999. The demutualization of Manulife is valued at C$9 billion-C$ 12 billion, including the value of shares retained by shareholders who decided not to sell.

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Kyoto pollution deal 'unraveling'

Article Abstract:

Canada's Environmental Minister David Anderson said that the Kyoto Protocol, which is an international agreement on global warming, might collapse following the withdrawal of the United States. U.S. President George W. Bush's policy has been attacked by environmental organizations, such as the Sierra Club of Canada.

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Aircraft safety tests shortened

Article Abstract:

Transport Canada will shorten the amount of time spent of approving new aircraft, with the agency giving some power to private companies, due to industry pressure.

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