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Pursuing Shaw Media, Corus blasts Catalyst's 'hypothetical' offering
2016-03-02 04:56:04| Telecom - Topix.net
Corus Entertainment has fired back against Catalyst Capital, which has raised concerns about Corus' planned C$2.65B acquisition of Shaw Media and proposed to terminate an outstanding Corus subscription receipts offering for what Corus calls a "hypothetical" rights offering. Catalyst had complained to regulators with concerns that the Shaw family -- which controls both Corus and Shaw Media parent Shaw Communications -- could reap C$50M just for making the deal happen.
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Category:Telecommunications