Canadian M&A action continues to set torrid pace

Canada's merger and acquisition frenzy continues unabated.Two Calgary independents are at the center of major acquisitions.Of two major deals pending in the service-supply sector, one has collapsed and another offers emergency aid to a financially troubled engineering and construction firm.An Atlantic local gas distribution company plans to buy a Virginia LDC, making it the second-biggest pure-gas LDC in the US.Meanwhile, GRI (formerly Gas Research Institute) and the Institute of Gas Technology have approved a proposed merger of the two groups (OGJ, Apr. 24, 2000, Newsletter). The merged entity plans to create a new board of directors from all sectors of the gas industry, plus consume...

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