Stingray has offered Newfoundland Capital shareholders C$14.75 per share held, a 16 percent premium to Newfoundland's close on Tuesday.
(Reporting by Ahmed Farhatha; Editing by Sriraj Kalluvila)
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14.31 CAD | -0.76% | -0.63% | +10.50% |
2018 | Newfoundland Capital : Canadian broadcaster Stingray to buy Newfoundland Capital for C$506 million | RE |
(Reuters) - Canadian media company Stingray Digital Group Inc on Wednesday said it would buy Newfoundland Capital Corp for about C$506 million ($393.01 million), including debt, adding radio broadcasting assets to its business.
Stingray has offered Newfoundland Capital shareholders C$14.75 per share held, a 16 percent premium to Newfoundland's close on Tuesday.
(Reporting by Ahmed Farhatha; Editing by Sriraj Kalluvila)
1st Jan change | Capi. | |
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-19.00% | 169M | |
+28.40% | 134M | |
-12.71% | 122M | |
-29.58% | 73.08M | |
+1.75% | 72.63M | |
-3.60% | 64.58M | |
+19.40% | 61.64M | |
+163.10% | 52.81M | |
-45.49% | 48.97M |