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Shaw Interested in Buying Some of Canwest Assets

Shaw Interested in Buying Some of Canwest's Assets

Jim Shaw confirmed that his company has been looking at buying some of Canwest's assets, although he wouldn't say which properties.  Shaw told reporters, after the firm's annual meeting in Calgary, that he has had meetings with the Asper family. 
 
Shaw declined to specify which particular Canwest assets might be of interest.  "I'd call it exploring right now. There's no deal or anything," Shaw explained.
 

Recent reports say Shaw is among the top four most likely buyers for some or all of Canwest.  "Maybe there's ways we could work together to make everybody better," said Shaw.

 

Another potential contender for at least some of Canwest is Corus Entertainment Corp.  John Cassaday said his company would be interested in a select number of Canwest's specialty cable channels but not the entire company.

 

Fairfax Financial Holdings Ltd.  who invested heavily in Canwest  and the Jim Pattison Group are also reputed to be among the top possible bidders.


Source: Broadcaster, 01/14/2010

      
 

Originally Posted: 1/15/2010 9:21:54 AM
Last Updated: 1/15/2010 9:23:56 AM