BRIEF-Ultra Electronics confirms discussions to buy Sparton Corp
* Confirm in advanced discussions to buy whole of issued share capital of New York Stock Exchange listed Sparton Corporation
OTTAWA May 16 The Canadian government on Tuesday said it planned to bring in regulations strengthening the rights of air passengers, which would cover cases of denied boarding, lost or damaged baggage and delays on the tarmac over a certain period of time.
Transportation Minister Marc Garneau said the independent Canadian Transportation Agency would be responsible for drawing up the new regulations. He also confirmed plans announced last November to relax international ownership restrictions on Canadian air carriers.
(Reporting by Leah Schnurr Editing by W Simon)
LONDON, June 26 L1 Retail has agreed to buy Holland & Barrett from The Nature's Bounty Co. and The Carlyle Group for 1.77 billion pounds ($2.26 billion), the companies said in a statement.