NordStar to acquire Torstar after receiving approval from the Superior Court.

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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