TV

Canwest launching equity offering for Ten Network shares

Canwest Global Communications Corp. announced on Monday that it will be launching an equity offering for Ten Network Holdings Limited. The equity offering represents approximately 13% of current total shares on issue for the Australian network and is expected to raise approximately A$138 million. The Canwest release says 120 million shares will be offered for sale at A$1.15 per share, and that the equity offering will reduce Canwest's ownership stake of Ten Holdings from approximately 57% to slightly more than 50%.
August 4, 2009

Canwest Global Communications Corp. announced on Monday that it will be launching an equity offering for Ten Network Holdings Limited. The equity offering represents approximately 13% of current total shares on issue for the Australian network and is expected to raise approximately A$138 million. The Canwest release says 120 million shares will be offered for sale at A$1.15 per share, and that the equity offering will reduce Canwest’s ownership stake of Ten Holdings from approximately 57% to slightly more than 50%.

About The Author
Senior staff writer Frederick Blichert comes to realscreen with a background as a journalist and freelance film critic. He has previously written for VICE, Paste Magazine, Senses of Cinema, Xtra, Canadian Cinematographer and elsewhere. He holds a Master of Arts in film studies from Carleton University and a Master of Journalism from the University of British Columbia.

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