Buss' Decision To Fire Her Brother Hits Home Lakers To Name NBA Agent Rob Pelinka GM Blue Jays Debate Rogers Renovation Themes Magic Named Lakers President Of Basketball Ops Wieters Latest Boras Client To Sign With Nats Ticket Prices Spike To See Jeter Honored PR Experts Talk Handling Of Dolan-Oakley Crisis Franchise Notes Kings Cite Culture Change For Trading Cousins Dynamo Sign Roc Nation In Three-Tiered Deal
LABATT FIGHTING TAKEOVER BID: JAYS & TSN FUTURE UNCERTAIN
Published May 30, 1995
John Labatt Ltd. has "formally rejected" a C$2.3B takeover bid from Onex Corp., according to the WALL STREET JOURNAL. Labatt is searching for a "white night" willing to pay more for the company (De Santis & Greenberg, WALL STREET JOURNAL, 5/30). Onex VP Anthony Melman: "If Labatt management truly wants a higher bid, they should be looking everywhere, including (Onex) since we are the only company that has put money on the table" (Paul Brent, FINANCIAL POST, 5/30). Labatt President George Taylor is said to be "courting" other brewers, broadcasters and financial firms as suitors, writes Marina Strauss in the Toronto GLOBE & MAIL. If a broadcasting acquisition takes place, it would "likely entail" finding partners with each buying a piece of Labatt's properties, which include The Sports Network and the Discovery Channel (Toronto GLOBE & MAIL, 5/30). It is "increasingly likely" the Blue Jays will be sold as Labatt fights off Onex (Jim Proudfoot, TORONTO STAR, 5/30).