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	Cara Operations - Wikipedia, the free encyclopedia
		Cara Operations Limited (formerly TSX:CAO, CAO.A) is a Canadian company that provides catering services to airlines and operates several restaurant and coffee shop chains including: Harvey's, Swiss Chalet, Second Cup, Kelsey's and Montana's.
		The name Cara was derived from the first two letters of each of the words "Canada Railway", and is also an Irish word meaning "friend".
		Today Cara controls 60% of the Canadian airline market, providing meals for most of the major airlines from KLM and American Airlines to British Airways and Air Canada.
	en.wikipedia.org /wiki/Cara_Operations (391 words)

	CBC News:Cara Operations' majority owner unveils $324 million privatization bid (Site not responding. Last check: 2007-11-06)
		Cara Holdings is offering offer $7.50 a share for all the common and Class A shares of Cara Operations that it doesn't already own.
		Cara Holdings currently owns an approximate 53 per cent equity interest in Cara Operations, representing approximately 79.2 per cent of the common shares and 29.4 per cent of the Class A shares.
		Cara Operations said it board of directors has established a committee of its independent directors to consider the transaction and to determine its fairness to the public shareholders.
	www.cbc.ca /stories/print/2003/08/29/cara_030829 (344 words)

	Cara-Operations, (Site not responding. Last check: 2007-11-06)
		Cara's class-A, non-voting shares jumped 43 cents on Friday, or nearly six per cent, to $7.94 on the Toronto stock market.
		Cara is "not anticipating any change in the operations" assuming the privatization vote succeeds, he said.
		Cara has also rarely issued new stock or corporate bonds to help it grow, and there are plenty of places to raise capital without being public.
	www.cp.org /english/online/full/Business/040206/b020686A.html (846 words)

	Phelans sweeten bid for Cara But minority holders say offer still not enough @ workopolis.com (Site not responding. Last check: 2007-11-06)
		Cara Holdings Ltd. -- the holding company of sisters Gail Regan and Rosemary Phelan, and their niece Holiday Phelan-Johnson -- said yesterday that it has struck a deal with Cara Operations to pay $7.625 for each outstanding share it does not already own.
		Cara Holdings and its principals currently own about 79 per cent of the common shares and 31 per cent of the class A non-voting shares.
		At that time, Cara Holdings described Air Canada's news as a "material adverse development" and said it was having difficulty assessing the impact the repudiation could have on the company.
	www.workopolis.com /servlet/Content/qprinter/20031218/RCARABID18 (764 words)

	CBC News:Bid for Cara Operations on hold after Air Canada 'repudiates' catering deal (Site not responding. Last check: 2007-11-06)
		Air Canada is Cara Operation's largest customer, with the contract representing approximately 13.7 per cent of total gross revenues and 8.8 per cent of system sales in fiscal 2003.
		Cara Holdings, a firm controlled by Gail Regan, her sister Rosemary Phelan and their niece Holiday Phelan-Johnson, has offered $7.50 a share to privatize Cara Operations.
		Cara Operations said Air Canada notified it on Friday that it had repudiated the catering contract.
	www.cbc.ca /stories/2003/11/10/cara_031110 (352 words)

	The Investors Centre - Cara Operations Ltd. In Profile
		Cara is the major shareholder of Kelsey's International Inc. and a major investor of The Second Cup Ltd., and The Spectra Group of Great Restaurants, Inc.
		Cara continues to strengthen its restaurant chains by providing a greater assortment of food choices to the consumer and by broadening the range of its operations.
		Cara faces greater competition in the foodservices industry with the ever increasing presence of the US based chains as well as from its Canadian based competitors.
	theinvestorscentre.8m.com /inprofiles/caraoperations_inprofile.htm (343 words)

	Mainland Observing Policies
		While this mode of operation may eventually be available for use by most observers, during the startup phase, CARA requires that at least one member of the mainland team must be a "fl belt" observer, i.e., one having extensive and relatively recent experience with operating the scheduled instrument.
		CARA staff will not be available as backup observers in the event that the mainland connection goes down.
		CARA may disconnect the remote site at any time, even while observing is in progress, if in CARA's judgment the connection is causing a damaging breach of CARA's network security.
	www.ucolick.org /~kibrick/remoteobs/suggested_revisions_to_mainland_policy.html (979 words)

	Ottawa Business Journal - News Story
		Cara's catering and commissary contract with Air Canada accounts for almost 14 per cent of its total annual revenues.
		The new deal, between Cara Operations and its holding company, Cara Holdings, calls for the operating company to be bought out for $7.625 a share.
		Cara Holdings is controlled by sisters Gail Regan and Rosemary Phelan, and their niece Holiday Phelan-Johnson.
	www.ottawabusinessjournal.com /279366895136263.php (251 words)

	London Free Press: Business Section - Cara's airline food deal up in air
		TORONTO -- Cara Operations' $155-million-a-year food service contract with insolvent Air Canada is up in the air, prompting a selloff yesterday in the company's stock and forcing Canada's biggest food services company to rethink its plan to go private.
		Cara said Air Canada, its largest customer, has "repudiated" its catering and food service contract -- raising the prospect of a hit to the company's revenues and profits and leading to a selloff by investors that wiped out 12 per cent of the Toronto company's stock market value.
		Cara Holdings said it is re-evaluating its plan to privatize Cara Operations, which in addition to the airline catering operation owns the Harvey's, Swiss Chalet, Kelsey's and Second Cup restaurant chains.
	www.canoe.ca /NewsStand/LondonFreePress/Business/2003/11/11/252933.html (387 words)

	Wiggin & Dana's Franchise Law Blog (Site not responding. Last check: 2007-11-06)
		Cara Holdings, which owns 53% of the equity interest in Cara Operations will offer $7.50 a share for all common and Class A shares that it doesn't already own.
		Cara Operations is the franchisor of Outback Steakhouses in Eastern Canada, and owner of businesses which include Swiss Chalet, Harveys', Second Cup, and Montana's Cookhouse.
		The leading operator and franchisor of retail automotive parts and accessories stores appointed Merritt Jesson as the CEO and Chairman of the Board, and Sean Hayes as the Director of Business Development.
	franchiselaw.blogspot.com /2003_08_24_franchiselaw_archive.html (1376 words)

	Lexpert: Deal
		Cara Operations Limited, one of Canada’s leading food service companies, acquired 95 per cent of the common shares of Second Cup Limited that it did not already own on February 5, 2002.
		Cara, which prior to the offer was Second Cup’s largest shareholder holding a 39 per cent interest, announced on August 13, 2001 that it intended to make an offer for three million Second Cup common shares at $7 per share.
		Cara was represented by in-house counsel Ian Wilkie, and by Osler, Hoskin & Harcourt LLP, with a team led by John Evans that included Mark Trachuk, Donald Gilchrist and Katy Waugh (securities), Mark Gelowitz (litigation) and Allan Coleman.
	www.lexpert.ca /deal.php?id=228 (376 words)

	cara
		Cara addresses the aspect of quality as follows; "If we've learned anything from being in the hospitality business for over 100 years, it's knowing how to keep our customer's concerns at the heart of everything we do.
		With annual system sales of in excess of $1.8 billion, Cara Operations Limited, based in Toronto, Ontario, Canada is one of Canada's leading integrated restaurant companies, and the largest operator of full service restaurants in Canada, providing employment for approximately 39,000 Canadians in its owned and franchised operations.
		Cara is a value-based organization and is listed on the Toronto Stock Exchange under the symbols CAO and CAO.A. For information on Cara Airport Services, phone (604) 278-9144, fax (604) 278-4929.
	www.airhighways.com /cara.htm (887 words)

	CTV.ca \| Cara bids for Second Cup
		TORONTO - Cara Operations Ltd. wants to take control of specialty coffee retailer The Second Cup Ltd. in a $21 million deal that would see the food service giant expand its stake in the specialty coffee retailer.
		Cara said it would formally mail its offer after after an independent evaluation of the coffee company and an independent committee has recommended whether Second Cup shareholders should support the bid.
		Cara has about 20,000 employees in businesses such as the Harvey's hamburger chain, Swiss Chalet chicken restaurants, Kelsey's and other restaurants and airport food services and other operations.
	www.ctv.ca /servlet/ArticleNews/story/CTVNews/1027388931452_22798131 (367 words)

	CARA Collision and Glass Closes Doors
		CARA, founded by Randy McPherson after he left ABRA Auto Body and Glass (also founded by McPherson), is based in Fridley, Minnesota, and was in competition in the Minneapolis market with ABRA facilities.
		CARA was the fastest growing consolidator in the U.S. during 1998.
		The recently acquired Indiana operations were sold, and it appeared that CARA corporate management was experiencing difficulties in attempting to apply a corporate framework to the farflung CARA empire.
	www.collision-insight.com /news/20000612-cara.htm (392 words)

	Bloomberg.com: Canada (Site not responding. Last check: 2007-11-06)
		Cara Holdings Ltd., controlled by part of Cara Operations' founding Phelan family, already sweetened its bid for the stock it doesn't own once, raising it in December to C$7.625 a share.
		Cara Holdings asked that a vote today be delayed by three weeks because of opposition from at least two shareholders, including Paul D. Phelan, who control most of the stock Cara Holdings wants.
		Cara Operations said today its fiscal third-quarter net income rose 7.9 percent to C$7.93 million, or 9 cents a share, from C$7.35 million, or 8 cents, a year earlier.
	quote.bloomberg.com /apps/news?pid=10000082&refer=canada&sid=azeC0S6JnEXY (577 words)

	CNW Group (Site not responding. Last check: 2007-11-06)
		The BMO Nesbitt Report (revised to reflect the amended terms of Cara's catering contract with Air Canada) concluded that the fair market value of the shares of Cara was in the range of $7.00 to $8.25 per share, down from the original range of $7.25 to $8.50 per share.
		Cara's Board of Directors has called a Special Meeting of shareholders to be held on February 3, 2004 with a record date of January 2, 2004 to consider and vote on a resolution to effect the Transaction.
		The Board of Cara has authorized Cara to enter into a combination agreement with Holdings for the purpose of effecting the Transaction by means of a squeeze-out amalgamation between an affiliate of Holdings and Cara, although Holdings has reserved the right to propose an alternative structure.
	www.newswire.ca /en/releases/archive/December2003/17/c3907.html (822 words)

	Southern Exposure
		CARA was established in February 1991 with an 11-year mission as a National Science Foundation Science and Technology Center.
		CARA still has seven years left in its 11-year life span, and it's not clear what will happen at the end of that time.
		CARA is collaborating with teams from other nations to explore other parts of the Antarctic continent -- at higher elevations -- as possible sites for a major observatory.
	chronicle.uchicago.edu /950105/pole.shtml (2168 words)

	Investor adds to stake in Cara Operations @ workopolis.com (Site not responding. Last check: 2007-11-06)
		Paul Phelan has acquired 1,451,800 class A non-voting shares of Cara Operations Ltd., bringing his holdings to 8,981,500 shares, or about 18.39 per cent of that class.
		Last week, majority shareholder Cara Holdings Ltd. announced plans to offer $7.50 a share for the minority shares of Cara Operations, a restaurant operator based in Mississauga.
		Cara Holdings and its principals, who are other members of the Phelan family, already own more than 79 per cent of Cara Operations' common shares and 29.4 per cent of its class A shares.
	globecareers.workopolis.com /servlet/Content/qprinter/20030903/RNEWS-2 (134 words)

	The Globe and Mail : globeinvestor : Cara Operations Limited Reinstates Catering Agreement with Air Canada
		Based on the information known to date, Cara estimates that under the terms and conditions of the amended contract, its annual earnings may be reduced by a range of between 3 cents and 7 cents per share.
		Cara has advised Holdings of the reinstatement of the catering agreement on amended terms, and Holdings has indicated, it will now complete its re-evaluation of the proposed Transaction, and an appropriate release regarding Holdings' intentions, will be made in due course.
		Cara is a values-based organization and further information may be obtained by visiting www.cara.com.
	www.globeinvestor.com /servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGenerator&date=20040226&archive=cnw&slug=1202264296 (452 words)

	AC repudiates catering contract with Cara
		Meetings with Cara will be held with the objective to reach a new contract that includes the required cost efficiencies while providing the best possible service to our customers.
		Cara's legal counsel would have advised them (Cara) of the possibility of repudiation at the onset of CCAA.
		Like many companeis that supply services to AC, CARA would have a conflict of interest holding shares in a company it offers services to, and it might not be useful in dealings with AC's competitors, which CARA and other suppliers also do.
	www.flyertalk.com /forum/showthread.php?t=21487 (1292 words)

	Using the Enneagram in Business (Site not responding. Last check: 2007-11-06)
		Cara's stability and persistence is important to the national fabric of Canada, and the Enneagram is at the heart of our strategy.
		Cara's origins are in institutional catering, and I believe, appropriately for the market-and no doubt reflecting my father's personality-Cara had developed a Six culture.
		Cara is changing from an operational company to a holding company for a strategically managed set of food service concepts.
	www.ideodynamic.com /enneagram-monthly/1999/EM_9912_a1.htm (4370 words)

	Ontario Securities Commission: Rules & Regulation: Orders & Rulings - In the Matter of Cara Operations Limited ... (Site not responding. Last check: 2007-11-06)
		CARA OPERATIONS LIMITED AND THE SECOND CUP LTD.
		AND UPON considering the evidence and submissions of staff of the Commission and counsel for Cara and Second Cup presented at a hearing on January 8, 2002, called for that purpose;
		AND IT IS FURTHER ORDERED pursuant to clause 3 of subsection 127(1) of the Act that the exemptions from the prospectus and registration requirements contained in sections 35, 72 and 73 of the Act shall not apply to any trade in securities of Second Cup pursuant to or in connection with the Rights Plan.
	www.osc.gov.on.ca /Regulation/Orders/2002/ord_20020111_223_cara.jsp (185 words)

	Intercom :: Clients Representation (Site not responding. Last check: 2007-11-06)
		Supported by efficient management and logistics, the stores operate under a variety of formats and banners and are leaders in their respective markets.
		Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the "Costco Wholesale" name, that carry quality, brand name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources.
		Lube is Canadian owned and operated by Cliff Giese and Ted Ticknor, and benefits by its association with Castrol North America, their featured motor oil supplier.
	www.intercomrealestate.com /cgi-bin/client_representation.cgi (1572 words)

	CARA goes private
		At about 11:30 this morning, CARA shareholders voted to sell their shares of the company to the controlling shareholder Phelan family, off springs of the founder of the original railway station newsstands/coffee-sandwhich shops from which this Canadian food services company grew over the past century.
		But CARA's attitude is certainly better than that of GTAA which has done all it can to make life difficult for its single largest customer, and supplier of those inflated user and landing fees.
		As a parting "dividend", we now-former shareholders received a CARA prepaid card for a couple of meals at any of the brands: better return on my modest investment than the last round of dividends.
	www.flyertalk.com /forum/showthread.php?t=22709 (537 words)

	Tea & Coffee 02/02 - World News
		Cara also had to extend the offer to 100% of the shares outstanding from the original 71%
		Toronto-based Cara, already the single biggest shareholder with 43%, will end up paying $42.4 million, which is $5.3 million more than planned, to increase its stake to 100%.
		Cara plans to build Second Cup the same way it expanded Cara’s other restaurant acquisitions (Swiss Chalet, Harvey’s, Montana’s and Kelsey’s), and it hospital, airline catering and food distribution businesses.
	www.teaandcoffee.net /0202/world.htm (627 words)

	July 2000 INSIGHT Industry Update
		CARA Collision and Glass, the Minnesota-based consolidator founded by Randy McPherson after he left ABRA Auto Body and Glass (also founded by McPherson), closed its doors on June 9, and filed for Chapter 7 bankruptcy, which calls for immediate liquidation of CARA’s assets at all locations at the time of closing.
		The recently acquired Indiana operations were sold, and it appeared that CARA corporate management was experiencing difficulties in attempting to apply a corporate framework to the far-flung CARA empire.
		Marquette Bank did allow CARA technicians to retrieve their personal tools from the sealed premises until noon on Saturday, and permitted the removal of many vehicles by insurers.
	www.collision-insight.com /news/archives/200007-updt.htm (3294 words)

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