Saturday, 30 June 2007

TSF Flashes

Quebecor is suing to block Osprey Media from considering a rival takeover proposal from Black Press Ltd., a British Columbia newspaper chain. A court appearance is scheduled for July 4.

Osprey said yesterday Quebecor is “seeking to block” a Black Press offer of $8.25 per unit for Osprey's 54 daily and weekly newspapers in Ontario. Quebecor offered $7.25 per unit in May.

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