TWC Enterprises was the Tri-White Corporation. Note that their primary assets are the WP&Y and Canadian golf courses. It seems to be a somewhat odd combination of businesses despite the WP&Y's recreational railroading focus. As they are an investment group, if there either isn't enough profit out of Skagway or there is a decent offer - no doubt they would consider selling. Anything to keep the investors happy this week!
EDIT - Read the Wikipedia link from the previous posting by Bruce. There is no doubt they are after the bucks since they were willing to take one of Canada's iconic golf courses and turn it into houses and shopping centers. WP&Y likely won't suffer that fate, but one has to question their or any investor group's long term commitment to the railroad.
From a press release found on their website:
For Immediate Release July 28, 2009
ClubLink Enterprises Limited (formerly
Tri-White Corporation) Completes
Acquisition of
ClubLink Corporation.
MISSISSAUGA, July 28,
ClubLink Enterprises Limited (formerly Tri-White Corporation) (the “Company”) (TSX:
CLK) announced today the completion of the previously announced amalgamation (the
“Amalgamation”) of ClubLink Corporation (“ClubLink”) (TSX: LNK) and 2207610 Ontario
Inc. (“2207610”), a wholly-owned subsidiary of the Company. The Amalgamation was
approved by the shareholders of ClubLink at the annual and special meeting held on
June 30, 2009. The amalgamated entity will continue to carry on business under the
name “ClubLink Corporation”. The Company now indirectly holds all of the outstanding
shares of ClubLink Corporation.
As described in the ClubLink Corporation Management Information Circular dated May
29, 2009, in accordance with the terms of the amalgamation agreement dated May 29,
2009 among ClubLink Corporation, 2207610 and the Company, shareholders of
ClubLink Corporation, other than the Company and its affiliates, received, for each
common share of ClubLink, 1.1 common shares of the Company.
The common shares of the Company issued in connection with the Amalgamation are
now listed and posted for trading on the Toronto Stock Exchange under the new
symbol CLK.
As previously announced, applications will be filed to de-list the common shares of
ClubLink from trading on the Toronto Stock Exchange and for ClubLink Corporation to
cease to be a reporting issuer. In order to receive share certificates representing
common shares in the Company, former shareholders of ClubLink Corporation must
deliver a properly completed Letter of Transmittal, together with such shareholder’s
ClubLink Corporation share certificates and any other document that is required to be
delivered therewith to CIBC Mellon Trust Company.
The Company also announced that Messrs. Bruce Simmonds and Patrick Brigham,
formerly members of the ClubLink Corporation board, have been appointed to the
Company’s Board of Directors.
ClubLink Corporation is Canada's largest owner and operator of member golf
clubs. ClubLink Enterprises Limited (formerly Tri-White Corporation) has a proven
record of building and delivering value through its corporate investment
operations. In addition to owning all of the shares in ClubLink, the Company also
owns a 100% interest in the historic White Pass & Yukon Route Railway, including
strategic holdings in the port operations and supporting excursions, based in
Skagway, Alaska.
For further information, please contact:
K. Rai Sahi, Chief Executive Officer, TWC Enterprises
Limited, 55 City Centre Drive, Suite 1000, Mississauga, Ontario, L5B 1M3, Telephone:
(905) 2813800, Facsimile: (905) 281-5890, E-mail:
rsahi@morguard.com.
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Edited 1 time(s). Last edit at 04/03/2018 11:15AM by Dan Robirds.
