Newspaper article The Canadian Press

Catalyst Capital Group Denied Legal Standing in Challenge of Corus-Shaw Deal

Newspaper article The Canadian Press

Catalyst Capital Group Denied Legal Standing in Challenge of Corus-Shaw Deal

Article excerpt

Critic of Corus-Shaw deal denied legal standing

--

TORONTO - The Ontario Securities Commission ruled Monday that a minority shareholder in Corus Entertainment does not have the legal standing to challenge information the Calgary-based firm disclosed about its proposed $2.65-billion acquisition of Shaw Media.

The regulator's decision means a shareholder vote on the deal will go ahead as planned on Wednesday.

Catalyst Capital Group, which has been staunchly critical of the Corus-Shaw deal, had wanted the vote to be postponed in order to allow enough time for a review.

In a brief statement, Corus said it welcomed the OSC's decision.

Catalyst did not immediately respond to a request for comment.

Corus signed an agreement in January to buy the media division of Shaw Communications (TSX:SJR. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.