Globemedia's CHUM share purchase complete

TORONTO – All that's left are the regulators now. The deadline for CHUM Limited shareholders to deposit their shares to Bell Globemedia under the terms of the purchase offer made in July came and went today and the two companies said BGM now owns approximately 6.71 million common shares, representing more than 99% of that class of shares, and approximately 21 million class B shares, representing more than 98%. BCE/Torstar/Woodbridge/Teachers Pension plan-owned BGM made an offer to purchase radio and TV broadcaster CHUM, controlled by the Waters family, for $1.7 billion, paying $52.50 cash per common share and any and...