Posted on 22/12/06
Rivals line up for shot at Alliance
Canadian media companies are arming themselves for a takeover battle of unprecedented ferocity, and uncertainty, as they prepare bids for Alliance Atlantis Communications Inc. At least four rivals are expected to take a serious run at Alliance, which was formally put up for sale Wednesday by controlling shareholders Michael MacMillan and Seaton McLean and which now enjoys a premium stock valuation of more than $2.1-billion.
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