Radio / Television News

Corus refutes more claims by investor over Shaw Media acquisition

TORONTO – Corus Entertainment is once again disputing “distorted information, obfuscation and misstatements” allegedly made by company shareholder The Catalyst Capital Group over Corus’ proposed acquisition of Shaw Media.In a news release late Tuesday, Corus strongly rejected proposals circulated by Catalyst, including a proposal to terminate the outstanding Corus subscription receipts offering in lieu of a hypothetical rights offering backstopped by Catalyst.  Corus said that Catalyst’s proposals are not in the interests of Corus shareholders and that “the hypothetical rights offering proposed by them is both unworkable and self-interested”.“Corus’ widely publicized subscription receipts offering was broadly and fully marketed to...