Corus Entertainment sees no 'imminent' M&A activity, CEO says
Corus Entertainment, the listed Canadian radio and television broadcasting firm, anticipates no M&A deals in the foreseeable future, noted the National Post.
John Cassaday, the chief executive of the company, was cited in the 11 January report as saying that he does not anticipate "imminent" M&A-related "activity" in 2007. He acknowledged in the report, which concentrated in the company's Q1 results, that Corus was interested in buying listed Canadian media firm Alliance Atlantis Communications' broadcast assets. However, CanWest Global Communications, a listed Canadian rival, and Goldman Sachs yesterday announced a USD 1.960bn deal to buy Alliance Atlantis.
John Cassaday, the chief executive of the company, was cited in the 11 January report as saying that he does not anticipate "imminent" M&A-related "activity" in 2007. He acknowledged in the report, which concentrated in the company's Q1 results, that Corus was interested in buying listed Canadian media firm Alliance Atlantis Communications' broadcast assets. However, CanWest Global Communications, a listed Canadian rival, and Goldman Sachs yesterday announced a USD 1.960bn deal to buy Alliance Atlantis.
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