CanWest Increases its Equity Commitment in planned acquisition of Alliance Atlantis Communications Inc.
2007年2月24日 - 3:39AM
PRニュース・ワイアー (英語)
TORONTO, Feb. 23 /PRNewswire-FirstCall/ -- CanWest Global
Communications Corp. announced today that its subsidiary, CanWest
MediaWorks Inc. ("CanWest"), has given notice to Goldman Sachs
Capital Partners ("GSCP") exercising its right to increase its
equity in the joint company that is acquiring Alliance Atlantis
Communications Inc. ("Alliance Atlantis"), to CDN $200 million.
CanWest's initial commitment to the venture was $132 million and it
has the option to increase this commitment within 45 days of the
original agreement. CanWest's equity will be directed to the
subsidiary acquiring Alliance Atlantis's broadcasting division and
will result in CanWest holding an economic position therein of
approximately 29%, subject to final closing adjustments, with the
balance being held by GSCP. "This is consistent with our ongoing
commitment to enhance our existing television business by expanding
in the specialty television sector" said Leonard Asper, President
and CEO of CanWest. The acquisition of Alliance Atlantis is being
carried out by way of a Plan of Arrangement. The Arrangement must
be approved by the Shareholders of Alliance Atlantis. The
Arrangement is also subject to court approval, as well as certain
other customary conditions including the receipt of regulatory
approvals. This news release contains certain comments or
forward-looking statements that are based largely upon current
expectations and are subject to certain risks, trends and
uncertainties. These factors could cause actual future performance
to vary materially from current expectations. The entities disclaim
any intention or obligation to update any forward-looking statement
even if new information becomes available as a result of future
events or for any other reason. CanWest Global Communications Corp.
(http://www.canwestglobal.com/), (TSX: CGS and CGS.A, NYSE: CWG) an
international media company, is Canada's largest media company.
CanWest is Canada's largest publisher of daily newspapers and also
owns, operates and/or holds substantial interests in conventional
television, out-of-home advertising, specialty cable channels, web
sites and radio stations and networks in Canada, New Zealand,
Australia, Turkey, Singapore, Indonesia, Malaysia, the United
Kingdom and the United States. DATASOURCE: CanWest Global
Communications Corp. CONTACT: CanWest Global Communications Corp.,
Deb Hutton, Senior Vice President, Corporate Communications, Tel.
(416) 383-2442
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