Corus to "significantly overpay" for Shaw Media: Catalyst Capital
Canadian private equity firm Catalyst Capital Group said Corus Entertainment Inc's recent response to the concerns of its minority shareholders about the proposed $2.65 billion buy of Shaw Media Inc is "inadequate and deficient". Catalyst, an investor in Corus, said it is concerned the transaction will see Corus "significantly overpay" for the asset by as much as $858 million. Catalyst Managing Director and Partner Gabriel de Alba said: "While this may be a good deal for the Shaw family, it is a bad deal for every Corus minority shareholder." Corus announced in January it had agreed to acquire Shaw Media from an affiliated company, Shaw Communications Inc.
25 February 2016•5 mins read
