UPDATE 1-Budcan to take ThyssenKrupp Canada private, shares soar


(Recasts with buy-out offer, updates shares) By Solarina Ho TORONTO, Nov 22 (Reuters) - Budcan Holdings Inc., a subsidiary of U.S. automotive manufacturer, ThyssenKrupp Budd Co. will make an all-cash bid to take ThyssenKrupp Budd Canada Inc. private, the company said on Monday. Budcan, which currently owns just over 77 percent of Budd Canada, will offer C$9.00 for each outstanding share it does not already own, in a deal worth C$7.7 million ($6.5 million). The offer would be financed ...

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