
Chairman of CHC Helicopter eyeing bid for company CBC News \|\| March 15, 2006 Craig Dobbin, the controlling shareholder and chairman of CHC Helicopter Corp., is considering a takeover of the company. CHC said Tuesday that, according to regulatory filing in the United States, Dobbin has had preliminary talks with two private equity firms regarding a possible acquisition of the company. Dobbin is apparently considering a bid in the range of $30 to $32.50 per share for the Vancouver-based helicopter firm. The offer under consideration would see Dobbin wind up with a 14 per cent stake of the new company that would be formed to buy CHC. In the wake of the announcement from CHC, shares of the company were up almost 14 per cent, gaining $3.66 to hit $29.90 on the TSX. Article Posted at www.KnowledgeDrivenRevolution.com CHC said it has formed a special committee of its board of directors to evaluate any takeover bids. The company is the world's largest provider of helicopter services to the offshore oil and gas industry. It has operations in 30 countries. Originally founded in Newfoundland, CHC moved from St. John's to Vancouver in 2004. While the company moved across the country, Dobbin kept an office in St. John's. In the third quarter of its current fiscal year, CHC made a profit of $24 million on revenue of $257.5 million. In the same period a year ago, the company made $22.8 million on revenue of $242.2 million. About KDR \| \| Home \| \| Weekly Features Archive	Weekly Weekly Features Archive
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Chairman of CHC Helicopter eyeing bid for company

CBC News || March 15, 2006

Craig Dobbin, the controlling shareholder and chairman of CHC Helicopter Corp., is considering a takeover of the company.

CHC said Tuesday that, according to regulatory filing in the United States, Dobbin has had preliminary talks with two private equity firms regarding a possible acquisition of the company.

Dobbin is apparently considering a bid in the range of $30 to $32.50 per share for the Vancouver-based helicopter firm.

The offer under consideration would see Dobbin wind up with a 14 per cent stake of the new company that would be formed to buy CHC.

In the wake of the announcement from CHC, shares of the company were up almost 14 per cent, gaining $3.66 to hit $29.90 on the TSX.

Article Posted at www.KnowledgeDrivenRevolution.com

CHC said it has formed a special committee of its board of directors to evaluate any takeover bids.

The company is the world's largest provider of helicopter services to the offshore oil and gas industry. It has operations in 30 countries.

Originally founded in Newfoundland, CHC moved from St. John's to Vancouver in 2004. While the company moved across the country, Dobbin kept an office in St. John's.

In the third quarter of its current fiscal year, CHC made a profit of $24 million on revenue of $257.5 million. In the same period a year ago, the company made $22.8 million on revenue of $242.2 million.

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