CanWest releases more details on Alliance Atlantis acquisition

TORONTO – CanWest Global Communications has announced more details on the $2.3 billion acquisition of Alliance Atlantis. The deadline for the deal has been extended by a week to Aug. 15, as reported earlier, so CanWest and Goldman Sachs can obtain bridge financing from a banking syndicate. CanWest said in a statement today that it’s deferring its previously considered high-yield debt offering “due to recent turmoil in the North American debt markets.” CanWest and Goldman Sachs say they have settled the terms of their joint venture, including their contributions of equity to the company that will acquire Alliance Atlantis’ broadcasting...