Canadian Plastics

Royal target of takeover bid (July 01, 2005)

Canadian Plastics   



Royal Group Technologies Ltd.'s efforts to restructure and put its troubles behind have been thrown off track by a surprise billion-dollar takeover proposal from a New York investment fund. Cerberus C...

Royal Group Technologies Ltd.’s efforts to restructure and put its troubles behind have been thrown off track by a surprise billion-dollar takeover proposal from a New York investment fund. Cerberus Capital Management Ltd. informed Royal Group it wants to begin due diligence in preparation for a possible takeover bid worth $14 a share, or $1.31 billion in total.

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