[net-gold] CanWest Draws Four Potential Bidders
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, "Net-Gold @ Nabble" <ml-node+3172864-337556105@xxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx
- Date: Thu, 14 Jan 2010 07:53:29 -0500 (EST)
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Date: Wed, 13 Jan 2010 14:22:40 -0700 (MST)
From: George Lessard <media@xxxxxxx>
Reply-To: Net-Gold@xxxxxxxxxxxxxxx
To: Net-Gold@xxxxxxxxxxxxxxx
Subject: [Net-Gold] CanWest Draws Four Potential Bidders
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CanWest Draws Four Potential Bidders
RT @mediamentor: RT @AntoniaZ:
CanWest draws four potential bidders.
More #media concentration in Canada?
Or will Fairfax win?
<http://ow.ly/Wbis>
#cdnpoli
[excerpt]
Four potential suitors are weighing
a hefty investment in CanWest Global
Communications Corp., (CGS-X0.080.0123.08%)
but Corus Entertainment Inc.,
(CJR.B-T19.50-0.09-0.46%)
Shaw Communications Inc.,
(SJR.B-T20.73-0.17-0.81%)
Fairfax Financial Holdings Ltd.
(FFH-T398.00-1.07-0.27%)
and Jim Pattison Group all face considerable
obstacles to cutting a deal with
the owner of specialty and conventional
television networks.
CanWest has spent the past three months
searching for an investor willing
put up to $65-million into the company,
currently under court protection
from its creditors, as part of a larger
restructuring aimed at getting the
media firm back on its feet, shorn of
its crushing debt load. Investment
banking sources say CanWest's financial
advisers at RBC Dominion Securities Inc.
settled on four potential bidders last
week, and are now attempting to get the
best possible terms from one of them,
which would then effectively control
the media company.
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