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
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.

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