Posted AT 9:36 AM EDT on 22/09/06
Mixed messages on danger of foreign takeovers
David Sutherland, chief executive officer of steel maker Ipsco Inc., seems like the kind of aggressive, expansionist executive that Canada needs right now.
In a time of high anxiety over the loss of Canadian head offices, Regina-based Ipsco last week hollowed out a bit of the U.S. economy, buying a Kentucky steel pipe company for $1.5-billion (U.S.).
But it's not that simple.
Mr. Sutherland and his team directed the takeover from their offices in Chicago.
The full text of this article has 1128 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -133.18 | 14,010.39 |
| DJIA | +.00 | 11,288.54 |
| S&P 500 | +.00 | 1,262.90 |
| Nasdaq | +.00 | 2,245.38 |
| Stock Profile | Sponsored by: |
|---|---|
 |
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | South Korea announces first oil contingency measures 1:21 PM
|
| 2. | The danger zones of 2008 04/07/08 8:17 PM
|
| 3. | Rogue trader costs TD 04/07/08 8:02 PM
|
| 4. | Market turmoil? It doesn't rattle Warren 04/07/08 5:03 PM
|
| 5. | Why oil prices will rise even higher 05/07/08 12:10 PM
|
| 6. | Business Outlook Survey due Monday morning 1:01 PM
|
| 7. | Air Canada route shrinkage continues 04/07/08 4:32 PM
|
| 8. | Red-eyed negotiations sealed deal 04/07/08 8:07 PM
|
| 9. | No longer fake 04/07/08 6:06 PM
|
| 10. | Smooth sailing for yacht builders 03/07/08 2:22 PM
|
Five Things
- No longer fake
- Cartier mistook quartz crystals for diamonds, but today Canada mines the real deal
Streetwise Blog
- GMP falls to fourth in block trading
- Plus: Inexperience of youth feeds the bubble
Video Pick
- Canada's outlook
- Royal Bank chief economist Craig Wright sees grounds for 'nervous optimism'
Forbes.com
- The best countries for business
- Denmark shows what's needed to be No. 1
3
The Law Page
- A fading line
- Julian Porter on the fading line between free speech and libel
Incubator feature
- Building on a Gouda reputation
- The company: Thunder Oak Cheese. The challenge: How to meet growing demand. The payoff: Create sustainable growth
10
Business incubator
- Jazzing up the festival business
- How to attract sponsors and stars when the tourists aren't coming
Magazine
- Metal stocks that can make you some coin
- All that glitters isn't necessarily gold.
DEREK DeCLOETHow bean counters have hurt your nest egg
AVNER MANDELMANStay liquid and be cautious - more market mayhem ahead
FABRICE TAYLORMarket turmoil? It doesn't rattle Warren
JOHN HEINZLSTARS AND DOGS
ROB CARRICKThe danger zones of 2008