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May 6, 2024
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Torstar to be sold, taken private in $52-million deal

TORONTO — Torstar Corp. says it has agreed to be sold to NordStar Capital for $52 million.

The transaction, which will see the media company taken private, was recommended by a special committee of Torstar’s board of directors and has the support of the majority of its shareholders and its largest independent shareholder, Fairfax Financial Holdings Ltd.

More coming.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/torstar-to-be-sold-taken-private-in-52-million-deal-1.4956070

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