Ontario Community Newspapers

Barrie Examiner, 23 Jul 1976, p. 19

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the mtti tmitilvsn Bowl li yyls iviiy ittli umiwt Jlkl iiit tr Dilit tm Lhilitim mw mimic Viiw Hui in am wt isms it on it lKICER by Philip Math ias Macmillan of anada 287 pages $1195 lly IHXKHR Corporate takeovers says an thor Philip Mathias in the iii troduction to his story of the Abitibi Paper Co gzib for Price in late 1974 are sparked by the some flame IS the human sex drive an irre sistible urge to couple But it Hiding of the Hspage account of Abitibis zimpaign to env010pe its smaller well heeled rival the remaining t12 pages are detailed notes and iddeiidai suggests that the tie quiring 0f one company by on other is far more akin to plan ning and fighting military battle sparked mainly by the urge to conquer Abitibi chairman Bell hero of the Normandy landing in the Second World War points up the likeness when he tells board meeting called to tip prove his plan to lay siege to Price that he hasnt felt the some since his brigade set Sitll from Portsmouth in June 1944 As in Normandy there was unexpected heavy slogging ahead Abitibis victory was more elusive than it first seemed and as in many bill tle may prove somewhat hollow DAYSOIFSLSIIINSE Mathias has traced the takeo ver step by step through 22 susv peiisefilled days until Abitibis control of the Quebec based pziper company was assured 11s it compliment to his storytelling skill that the icumentzition rips along like good mystery iilthougn tiie White $1 Louvres Height 20 to 36 uiiembellished details would surely interest few but businessmen and students ot the business world Although he aidniits his inforr motion is largely from recon structed conversations and events zit which lie was not present the author manages to show the personalities of the key men involved making their actions interesting and under standnble Bell the craggy fighter impulsive but tough never giving up until the lust gong sounds Wood iundy Ltd the know itnll ultracoiiservzitive in vestment firm which pulllhlllk ingly ferreted out the facts Abitibi sought but guessed wrong on one vitzil detail which nearly undid the whole opera tion The Hon Vere llar nisworth son of British newspaper buron who con sidered this sort of infighting rather ll1illll him but ended up exchanging control of one thllilllilnlNISl paper com pany tor tllll control of another for more broadly financed one without paying ii penny in taxes STtNK IAMIIIIHI Ahitibi decided to make its bid through stockexcliuiigc stziinixidc tl littleused btit legal plthlltt which cir cumvents the more traditional tormzil mailed bid to shareholders lt hilfl the advantage of speed if not clarity and the fuss It ran into shows clearly that Ontario and Quebec secu rities officials altt mthcr like smalltown police forces Ali SHUTIERS Pine with movable width to 12 92 Per panel up SHELVING Walnut finish Shelving Width to l2 Length 24 36 48 The Barrie Examiner Friday July 23 l9763A Corporate takeover akin to battle history of AbitibiPrice battle shows ways two or three steps behind those who zirc attempting to outflziiik them In this ctisc the exchanges were clearly making up the miles as th tltltlil prmccded There was no tlill precedent for handling it competing bid tmlttlt by ttillhlllldtlltlh ltzitliurst of Montreal nor even for the time the offer should be open Another tact stands out still kly through the takeover bottle Apparently iioneot the generals ever thought of their ordinary shareholders who after all own it piece of their coiiipnnies and theoretically have say in their zictions NEW CONSERVATION AREA SIGN onscrvzition throughout llltltlti which provide some pzirticiilzir recreational serVice to the public will now be des igiiuted by new tlllStlVtr tion Area sign The signs now being erected litis tl white background with Areas brown rounded squtirc bor der Within the border there is brown letter Vyithin tlic is wzivy blue illltl vlntc lined ireii ill the lower portion depicting waiter In the upper portion there are five stylized green pine trees ot varying sizes PANELING Manor House Brick Available in Red or While 512 per slim WADE WINDS PECAN p0 punt Plus many others to choose from Textured WALL COVERING New Product Apply Cork with roller to any wall WALLPAPER Sunworthy Wallpaper Popular selections in ALSO AVAILABLE Building supplies hardware plumbing electrical carpeting cushion floor tools decorating supplies vanities cerami tiles mirror tiles lighting fixtures by CIossnc shutters etc FREE NOME DELIVERY llandale Your Good Neighbor Decorating Er Building Centre Donna Cornish decorating Consultant on staff AT 49 ESSA ROAD 7371821 FREE PARKING Mm MLA AA

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