On Tuesday, Canadian company Torstar Corp received approval from the Superior court for its proposed acquisition by private equity firm NordStar Capital LP. Torstar reported that the deal of NordStar’s revised take-private bid of $0.74 per share is scheduled to be completed by July 30, 2020.
Torstar is the publisher of Canada’s largest daily newspaper, the Toronto Star, which began publishing newspapers back in 1892.
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