(Reuters) - TORONTO, July 5 - Media and commercial printing company Quebecor Inc. has sweetened its bid for Canadian newspaper publisher Osprey Media Income Fund to C$414.4 million in cash, nosing out a competing bid by Black Press Ltd.
Quebecor said on Thursday it has raised its offer to C$8.45 per Osprey unit from C$7.25. Black Press, which is 19.4 percent owned by Quebecor rival Torstar Corp. , is offering C$8.25 a unit.
Read more at Reuters.com Mergers News
Quebecor said on Thursday it has raised its offer to C$8.45 per Osprey unit from C$7.25. Black Press, which is 19.4 percent owned by Quebecor rival Torstar Corp. , is offering C$8.25 a unit.
Read more at Reuters.com Mergers News
No comments:
Post a Comment