Pegula Takes Responsibility For Sabres' Failings Rams, Chargers To Split L.A. Attention Three Times Dodgers Have No Waiting List For Season Tickets MLS Owners Evaluating Beckham's Miami Effort Franchise Notes Bush, Jeter Working Together To Bid For Marlins Penguins Get Creative With Playoff Marketing Franchise Notes MLSE's Shannon Hosford Balancing Two Playoff Runs Pistons' Season Tickets Sales Strong For New Arena
Upcoming Conferences and Events
May 31 - Jun 1
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).