TransactionsCanwest Sells Holdings in Score MediaPublished: 04/07/2009 By Joan Beck, Casey Chisick, Ken Snider, Lawrence D. Wilder On April 7, 2009, CW Media Inc., a subsidiary of Canwest Global Communications Corp. participated in a Score Media Inc. issuer bid and tendered 16,560,902 Class A Shares at a purchase price of $0.40 per share. In addition, Canwest and CW Media have engaged Genuity Capital Markets as an agent to offer for sale, on a best efforts basis, up to 9,000,000 Class A Shares at $0.40 per share by way of private placement to accredited investors. The private placement could result in gross proceeds of approximately $3.6 million. Cassels Brock acted for CW Media with a team that included Casey Chisick (Entertainment), Lawrie Wilder (Securities), Joan Beck(Securities), Ken Snider (Tax) and Carol Anne O'Brien (Competition). |