BC Sugar Refinery, Limited — M&A Activity 1997

Jul 11, 1997

Revised FORM 42

REPORT OF TAKE-OVER BID

Securities Act

	Name and Address of offeree issuer:		BC Sugar Refinery, Limited 123 Rogers Street Vancouver, B.C. V6A 3N2
	Name and Address of offeror:		BCS Acquisition Inc. BCE Place, Canada Trust Tower 161 Bay Street, 49th Floor Toronto, Ontario M5J 2S1
	What is the designation of the class of securities that are subject to the bid (including CUSIP number):		Class A Common Shares (CUSIP No. 055353 3 04) Class B Common Shares (CUSIP No. 055353 4 03)
	What is the date of the bid:		July 7, 1997
	What is the maximum number of securities sought by the offeror for each class of securities subject to the Bid:		24,766,914 Common Shares
	What is the value, expressed in Canadian dollars, of the consideration offered per security for each class of securities subject to the bid:		$16.50 cash per share
	What is the number of securities of each class subject to the bid, excluding the offeror’s securities, that are held by security holders whose last address as shown on the books of the offeree issuer is in Ontario:		16,715,716 Class A Common Shares 69,150 Class B Common Shares
	What is the fee payable in respect of the bid, as calculated under subsection 32(1) of Schedule 1:		$55,390.05
	The information given in this report is true and complete.
	Date: July 11, 1997		BCS Acquisition Inc. By: “Seth M. Mersky” Seth M. Mersky President