SBD/27/Franchises

RUMORS CIRCULATE ABOUT LABATT TAKEOVER

     "Takeover rumors continue to bubble around John Labatt
Ltd.," according to the Toronto GLOBE & MAIL.  Earlier this
month, there were rumors that Danish brewer Carlsberg was buying
Labatt stock with an eye toward a takeover.  But the latest buzz
has Onex Corp., specialists at leverage buyouts, interested in
Labatt.  Entertainment industry sources report talk that Onex
might be interested in buying Labatt's entertainment and
production operations alone -- which include interest in TSN, the
Blue Jays and SkyDome.  Labatt had been trying to spin off the
entertainment assets into a public company, but those plans have
"apparently been put on hold" (Matthew Ingram, Toronto GLOBE &
MAIL, 2/25).
Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug