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Exclusive: Corus Set To Win Shareholder Vote For C$2.65 Billion Media Deal - Sources

Ron Burgundy

By Ron Burgundy,
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Ron Burgundy

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By John Tilak and Alastair Sharp TORONTO (Reuters) - Corus Entertainment Inc's minority shareholders are set to approve its C$2.65 billion ($2 billion) bid for Shaw Communications Inc's media assets, despite vocal opposition from private equity firm Catalyst Capital, according to two sources familiar with the situation. The transaction needs to win the approval of more than half of Corus' minority shareholders, as it is a related-party deal with the Shaw family owning controlling stakes in both Shaw Communications and Corus. "It's a done deal," the source said.

 

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