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Volume 24 No. 157
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     John Labatt, Ltd., the owners of the Blue Jays, CFL
Argonauts, and TSN, recommended that shareholders not tender
their shares to LBT Acquisition Corp. (a subsidiary of Onex
Corp.) before a detailed evaluation of the offer is completed.
Labatt issued a statement yesterday calling the offer of C$2.3B,
or C$24 a share, "unrealistically low."  Labatt will release
their recommendation for shareholders on May 29 (Drew Hasselback,
TORONTO STAR, 5/23).  Labatt President George Taylor told the
Toronto GLOBE & MAIL that they hope to "spark an auction that
will bring a significantly higher price for the brewing giant."
Michael Palmer, an analyst at Equity Research Associates in
Toronto, said C$27-28 a share "would be doing shareholders a
great favor" (Susan Bourette, Toronto GLOBE & MAIL, 5/23).