Corus need not disclose more on Shaw media deal -Canadian regulator

March 7, 2016 8:53 PM

23 0

TORONTO, March 7 A major Canadian securities regulator on Monday ruled that Corus Entertainment Inc did not need to disclose more details on its C$2.65 billion ($2 billion) deal to buy media assets from Shaw Communications Inc , meaning a shareholder vote due on Wednesday can proceed.

The Ontario Securities Commission's three-person panel was responding to an application from private equity firm Catalyst Capital, a minority Corus shareholder fiercely critical of the deal. Catalyst argued that the deal would unfairly benefit the Shaw family, which controls both companies, to the d...

Also read: AT&T Closes Time Warner Deal, as DOJ Doesn’t Ask for Delay

Read more

To category page