Catalyst urges rejection of Shaw Media deal, requests OSC hearing
Canadian private equity firm Catalyst Capital Group has urged investors in Corus Entertainment Inc (TSX: CJR.B) to reject the company's proposed $2.65 billion buy of Shaw Media Inc. Shareholders will vote on the deal on March 9. Catalyst, a Corus minority investor, said Corus has not fulfilled its fiduciary duty by considering potential remedies to address an alleged overpayment for Shaw Media of up to $858 million. Catalyst said it has also requested a hearing by the Ontario Securities Commission to look into disclosure issues related to the acquisition. Corus this week turned down a rights offering proposal from Catalyst that would extend deal participation to all shareholders.
3 March 2016•5 mins read
