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A transformative acquisition leads Corus to raise equity via a marketed equity: bought deal rejected


Corus Entertainment, which has already surprised the market with its acquisition of Shaw Media, has surprised it again. Now it plans to raise $260 million of equity capital via the sale of subscription receipts. Of the amount to be garnered, $228 million will come from the public with the balance …

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Corus minority shareholder urges regulators to review ‘serious’ disclosure concerns in Shaw Media deal


Two market regulators have been urged to review whether enough information about Corus Entertainment Inc.’s proposed $2.65-billion acquisition of Shaw Media Inc. has been publicly disclosed to allow minority shareholders to make an informed decision. Shaw Communications to sell Global TV network, specialty channels to Corus Entertainment for $2.65 billion …

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Shareholder advisor raises concern over Corus’ debt, equity in Shaw Media deal, but urges approval anyway


An influential shareholder advisory firm has raised a red flag about the way Corus Entertainment Inc. intends to fund its $2.65-billion acquisition of Shaw Media Inc., but is still advising shareholders to approve the transaction. In a Feb. 19 report, U.S.-based Institutional Shareholder Services (ISS) Inc. expressed concerns over how much debt and equity Corus …

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Corus is overpaying for Shaw Media by $858 million, minority shareholder argues


A minority shareholder is now claiming that Corus Entertainment Inc. is paying up to $858 million more than it should to acquire related company Shaw Media Inc. and has proposed a set of new terms that it says it would be willing to accept.  Corus minority shareholder urges regulators to review ‘serious’ disclosure concerns in …

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Catalyst’s opposition to Corus-Shaw Media deal questioned by investors, analysts


The motives fuelling a minority shareholder’s attempt to thwart Corus’s $2.65 billion acquisition of Shaw Media were called into question Friday, as Catalyst Capital Group Inc. aired its concerns about the proposed sale on a conference call with investors and analysts. Catalyst, a private equity firm with US$6 billion in …

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Analysts at banks advising Corus-Shaw deal take different tacks when it comes to research


The two Canadian investment banks that acted as financial advisers in Corus’ $2.65-billion acquisition of Shaw Media have taken opposite approaches to how their research desks have covered the proposed transaction, which has been opposed by at least one Corus minority investor. Catalyst’s opposition to Corus-Shaw Media deal questioned by investors, analysts The …

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