Corus rejects Catalyst's critique of Shaw Media acquisition
Canadian media and content company Corus Entertainment Inc (TSX: CJR.B) said that claims by Catalyst Capital Group about the proposed $2.65 billion acquisition of Shaw Media Inc are "misleading". Catalyst is reported to have said that the family controlling both Corus and Shaw Communications Inc, the seller of Shaw Media, stands to gain at least $50 million from the deal. Corus also criticized Catalyst's calculation of Shaw Media's fair market value, which suggested that Corus was overpaying for the asset. Catalyst, a Toronto-based private equity firm, is a minority investor in Corus.
24 February 2016•8 mins read
