Press Releases - Magellan Aerospace

2002 Press Releases

Magellan Aerospace Corporation announces $70 million convertible debenture offering

December 19, 2002

December 16, 2002 (Toronto) – Magellan Aerospace Corporation (“Magellan” or the “Company”) announced today that it has entered into a bought deal agreement to issue and sell $55 million aggregate principal amount of 8.5% convertible unsecured subordinated debentures due January 31, 2008 to a syndicate of underwriters co-led by Scotia Capital Inc. and RBC Capital […]

Magellan Aerospace Corporation and Haley Industries Limited announces Approval of Amalgamation

November 29, 2002

TORONTO, Nov. 29 /CNW/ – Magellan Aerospace Corporation (“Magellan”) and Haley Industries Limited (“Haley”) announce that the holders of the common shares of Haley today approved the amalgamation (“Amalgamation”) of Haley with 2014835 Ontario Limited, an indirect wholly-owned subsidiary of Magellan. The Amalgamation is expected to become effective on December 1, 2002. As a result […]

Q3 2002 Earnings Release

November 13, 2002

Magellan Aerospace Corporation announces acceptance of the take-ver bid by Haley Industries Limited Shareholders and announces expiry of the offer

October 1, 2002

TORONTO, Sept. 30 /CNW/ – Magellan Aerospace Corporation (“Magellan”) announces that an additional 411,556 common shares (“Haley Shares”) of Haley Industries Limited (“Haley”) have been deposited in acceptance of Magellan Aerospace Limited’s (“MAL”) Offer dated July 16, 2002, as extended, to acquire all of the issued and outstanding common shares of Haley. Of the additional […]

Magellan Aerospace Corporation announces acceptance of the take-over bid by Haley Industries Limited Shareholders

September 17, 2002

TORONTO, Sept. 16 /CNW/ – Magellan Aerospace Corporation (“Magellan”) announces that an additional 74,414 common shares (“Haley Shares”) of Haley Industries Limited (“Haley”) have been deposited in acceptance of Magellan Aerospace Limited’s (“MAL”) Offer dated July 16, 2002, as extended, to acquire all of the issued and outstanding common shares of Haley. Of the additional […]

Magellan Aerospace Corporation Announces acceptance of the take-over bid Haley Industries Ltd. Shareholders

September 5, 2002

TORONTO, Sept. 3 /CNW/ – Magellan Aerospace Corporation (“Magellan”) announces that approximately 8,278,718 common shares (“Haley Shares”) of Haley Industries Limited (“Haley”), representing 78.3% of the issued and outstanding Haley Shares have been deposited in acceptance of Magellan Aerospace Limited’s (“MAL”) Offer dated July 16, 2002 as extended and varied on September 3, 2002 to […]

Magellan Aerospace Corporation Announces Offer to Acquire Haley Industries Limited

July 3, 2002

TORONTO, July 3 /CNW/ – Magellan Aerospace Corporation (“Magellan”) and Haley Industries Limited (“Haley”) announced today that Magellan has entered into an agreement with Haley and Amcan Consolidated Technologies Corp. (“Amcan”) providing for Magellan or a wholly-owned subsidiary of Magellan to make an offer to acquire all of the outstanding shares of Haley, including shares […]

Magellan Aerospace Announces New Aeroengine Manufacturing Contract

April 12, 2002

TORONTO, April 12 /CNW/ – Magellan Aerospace Corporation announced today that it has won a multi-million dollar contract for the manufacture of CF34 engine fan frames for General Electric Aircraft Engines. The fan frames are for the new 8D/E variant engine that has forecasted deliveries through 2010. The estimated value of the new contract is […]

Q4 2001 Earnings Release

March 12, 2002