PE Deals

NordStar to acquire Toronto Star owner at higher price: Reuters

Torstar, the owner of the Toronto Star and other Canadian media outlets, has reached an amended agreement to be acquired by NordStar Capital at a price of 74 cents per share, reported Reuters.

By
Iris Dorbian
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Torstar, the owner of the Toronto Star and other Canadian media outlets, has reached an amended agreement to be acquired by NordStar Capital at a price of 74 cents per share, reported Reuters. This is a 17.5 percent increase over NordStar’s previous bid. The newswire noted that “NordStar raised its bid after a competing, unsolicited bid was received from a private investor group on Thursday, offering 14 percent more than NordStar’s original bid.”

Source: Reuters