Company Overview and News
One day the freighter you see coming up the Detroit River might not have a crew aboard.
* Algoma Central Corp - the Canadian Merchant Services Guild represents 54 employees of Algoma Tankers Limited Source text for Eikon: Further company coverage:
* Algoma Central Corp - has sold station tower, an office building located in Sault Ste. Marie; net proceeds from sale were $4.4 million Source text for Eikon: Further company coverage:
Algoma Central Corporation ("Algoma") (TSX:ALC) announced today that it has entered into an agreement to sell, on a bought deal basis to a syndicate of underwriters led by CIBC Capital Markets, $75,000,000 principal amount of 5.25% convertible unsecured subordinated debentures (the "Debentures") at a price of $1,000 per Debenture (the "Offering"). Algoma has also granted the underwriters an over-allotment option to purchase up to an additional $7,500,000 aggregate principal amount of Debentures at the same price exercisable in whole or in part at any time for a period of 30 days following closing.
After the worst cargo season in years, shippers traversing the Great Lakes are expecting a rise in volumes this season as the St. Lawrence Seaway opened Monday, but not enough to give them cause to celebrate.
By: Ross Marowits, The Canadian Press Posted: 03/20/2017 12:05 PM | Last Modified: 03/20/2017 12:19 PM | Comments:
At the St. Lambert locks part on the St. Lawrence Seaway in Montreal, March 31, 2009. (THE CANADIAN PRESS / Ryan Remiorz)
E-L Financial (OTCPK:ELFIF) is a Canadian conglomerate with the majority of its value coming from its insurance and investment subsidiaries. The company has a 99% stake in Empire Life, a life insurance company, which is its largest asset. The company also has controlling stakes in two closed-end funds and controls a shipping company, Algoma Central (OTC:AGMJF). E-L is trading at a material discount to a sum-of-the-parts valuation, and has been compounding its book value for some time.
Algoma Central Corp. (OTC:AGMJF) is a Canadian company involved in the shipping business. While shipping is, most often, a commodity business with undifferentiated players, Algoma operates bulk carriers on the Great Lakes. The company also owns a significant amount of real estate in its markets around the Great Lakes, which provides an added margin of safety to the analysis.
I was so used to driving and flying, my understanding of North America had become distorted. Then I took a slow boat through four Great Lakes. I saw every mile.
Algoma Central & Stella-Jones Demonstrate Two Different Approaches To Value Investingby George Athanassakos, The Globe And Mail
EXHIBIT 99.1 NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS AND MANAGEMENT INFORMATION CIRCULAR ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON NOVEMBER 5, 2015 September 25, 2015 NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN that the annual and special meeting (the “Meeting”) of the shareholders of Student Transportation Inc.
EXHIBIT 99.2 PROXY FOR REGISTERED HOLDERS OF COMMON SHARES This proxy is being solicited by management of Student Transportation Inc. (the “Issuer”) from holders of common shares of the Issuer (“Shareholders”) for use in connection with the annual and special meeting (the “Meeting”) of Shareholders to be held on Thursday, November 5, 2015, at The Gallery, Toronto Stock Exchange Broadcast & Conference Centre, The Exchange Tower, 130 King Street West, Toronto, Ontario, at the hour of 2:00 p.
EXHIBIT 99.3 NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN that the annual and special meeting (the “Meeting”) of the shareholders of Student Transportation Inc. (the “Issuer”) will be held at The Gallery, Toronto Stock Exchange Broadcast & Conference Centre, The Exchange Tower, 130 King Street West, Toronto, Ontario on Thursday, the 5th day of November, 2015, at the hour of 2:00 p.
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