Product details

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Published by: Ivey Publishing
Originally published in: 2003
Version: 2009-10-22
Length: 20 pages
Data source: Field research

Abstract

Focusing on the ''hollowing out'' debate: Whether foreign takeovers of Canadian corporations are beneficial to the Canadian economy. The president and chief executive officer of Trimac Corporation, describes the strategic direction in which he is taking the company. Then the company announced a strategic repositioning. The board of directors and management concluded that in order to maximize shareholder value, Trimac had to focus on the profitable growth of its North American bulk trucking and third party logistics business. One of the four major initiatives included the sale of Trimac''s wholly-owned truck leasing and rentals subsidiary, Rentway to Penske Truck Leasing for Cdn$105 million.
Location:
Size:
Large
Other setting(s):
2000

About

Abstract

Focusing on the ''hollowing out'' debate: Whether foreign takeovers of Canadian corporations are beneficial to the Canadian economy. The president and chief executive officer of Trimac Corporation, describes the strategic direction in which he is taking the company. Then the company announced a strategic repositioning. The board of directors and management concluded that in order to maximize shareholder value, Trimac had to focus on the profitable growth of its North American bulk trucking and third party logistics business. One of the four major initiatives included the sale of Trimac''s wholly-owned truck leasing and rentals subsidiary, Rentway to Penske Truck Leasing for Cdn$105 million.

Settings

Location:
Size:
Large
Other setting(s):
2000

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