(Reuters) - TORONTO, June 18 - CanWest Global Communications Corp. intends to take control of Australia's Network Ten television group, it said on Monday, as rumors swirled that CanWest had failed to find a bidder for its stake.
The Canadian firm said it will exchange shares and convertible debt of The Ten Group Pty Ltd. into shares of Ten Network Holdings Ltd. The latter company owns the majority of the shares of the former.
Read more at Reuters.com Mergers News
The Canadian firm said it will exchange shares and convertible debt of The Ten Group Pty Ltd. into shares of Ten Network Holdings Ltd. The latter company owns the majority of the shares of the former.
Read more at Reuters.com Mergers News
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