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.

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