Related
External Links
(Note: CBC does not endorse and is not responsible for the content of external sites - links will open in new window)
On Tuesday, the company announced that more than 99.5 per cent of Sun Media shares, 44.5 million shares, were tendered to its Dec. 14 offer.
The Quebec-based company's offer also included the assumption of $345 million in debt.
Quebecor's offer topped a cash and stock bid by Torstar, publisher of the Toronto Star, which had offered $19.34 a share.
One of the world's largest commercial printers, Quebecor publishes four Canadian dailies -- in Winnipeg, Sherbrooke, Quebec City and Montreal, whose Le Journal is the largest French-language paper outside of France.
It now takes control of Sun Media, on its own Canada's second-largest newspaper group. Sun publishes cheeky tabloids in Toronto, Ottawa, Calgary and Edmonton and several broadsheet papers in Ontario.
After Quebecor made its successful bid it subsequently arranged to sell to Torstar four Ontario broadsheets- the Hamilton Spectator, Kitchener-Waterloo Record, Cambridge Reporter and Guelph Mercury, for $350 million.
Share Tools
Top News Headlines
- Immigrants the proudest Canadians, poll suggests
- Most Canadians feel immigrants are just as likely to be good Canadian citizens as people who were born here and don't object to them keeping their original citizenship, according to a recent Environics survey. more »
- NDP MPs urged to scrap gun registry in final vote
- Public Safety Minister Vic Toews urges opposition MPs to break party ranks and side with the government during tonight's vote on scrapping the long-gun registry. more »
- Honduras prison fire kills hundreds
- Trapped inmates screamed from their cells as a fire swept through a Honduran prison, killing at least 300 inmates in one of the world's deadliest fires in decades, authorities said Wednesday. more »
- Ocean Ranger sinking still haunts 30 years later
- The violent storm that sank the Ocean Ranger, killing 84 men, still haunts people 30 years after the disaster on the Grand Banks east of Newfoundland. more »
Latest Business Headlines
- Some Eurozone countries doubt Greek bailout will work
- There are strong doubts among some of the countries that use the euro over whether a second massive bailout can actually save Greece, officials said Wednesday, even as Athens rushed to meet tough conditions to qualify for the €130 billion ($170B US) rescue. more »
- 6 ways Greece can bounce back
- Although Greece's economic future seems dire, a number of the country's sectors show promise, according to observers. more »
- Target to partner with Starbucks in Canada
- Minneapolis-based discount fashion retailer Target Corporation will partner with Starbucks when it opens its outlets in Canada, the retailer announced Wednesday. more »
- CPP invests in London's Victoria Circle
- The Canada Pension Plan Investment Board has announced a joint venture partnership to develop a $1.56 billion, residential, office and retail complex in London. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12375.9 | 21.43 |
| DOW | 12852.81 | -25.47 |
| NASDAQ | 2951.72 | 19.89 |
| SP 500 | 1353.62 | 3.12 |
| NYSE COMPOSITE | 8034.05 | 4.44 |
| AMEX | 2432.11 | 3.05 |
| TSX-VENTURE | 1639.84 | 9.81 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Legalize pot, say former B.C. attorneys general
- Barefoot Newfoundland girl survives icy ordeal
- Immigrants the proudest Canadians, poll suggests
- Botox injected by unlicensed practitioners
- Online privacy erosion dismays critics
- Russians in abusive plane tirade to be sentenced
- Trudeau says sovereignty less of a bogeyman now
- Honduras prison fire kills hundreds
- Toronto NBA fans experience 'Lin-sanity'
