Sep 22, 2015 9:34 am ET
AltaGas said it will buy three gas-fired electric power plants in California for $642 million from a fund run by Oaktree Capital Group.
Total Energy Services said it is proposing to make a C$2.90-a-share takeover offer for Strad Energy Services The Calgary, Alberta-based energy-services company said it currently owns about 9.95% of Strad, which closed trading Monday at C$2.60. Separately, Strad said it hasn’t yet received a formal offer, but has formed a special committee should it receive an offer.
Canadian Apartment Properties Real Estate Investment Trustid it has agreed to buy an apartment portfolio in Montreal for about C$490 million. It also announced plans to sell 8.7 million units at C$28.70 each to raise about C$250 million.
First Capital Realty said it has eliminated 60 positions, or 13% of its workforce, as part of an organizational restructuring to streamline its operations. It expects to record restructuring costs of between C$14 million and C$16 million over the last two quarters of the year and sees annual savings of C$4.5 million to C$5.5 million starting next year.
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