Acc 621 Assignment 2

Assignment#2 ACC 621

Philip Services Corporation (Philip) is a Canadian company with its head office in Hamilton, Ontario. Its common shares are listed on the Toronto Stock Exchange (TSE), the Montreal Exchange and from April 30, 1996 the New York Stock Exchange. In 1997 the company filed with the Securities and Exchange Commission (SEC) a registration statement and a prospectus to sell 20 million common shares.

The company is engaged in the business of providing metal recovery and processing services including environmental waste management services throughout the U.S. and Canada. Philip's business was organized into two divisions - the Metals Group and the Industrial Services Group. The Metals Group accounted for more than 60% of the company's revenue (US...