Friday, June 29, 2007

Quebecor asks court to forbid Osprey Media from accepting higher bid

Quebecor Inc. is asking the courts to forbid Osprey Media Income Fund from considering or dealing with takeover bids from anyone else. This is aimed directly at the Torstar-backed bid by Black Press Ltd. of Victoria to up the ante for the Osprey newspapers and magazines; it topped the Quebecor bid by $1 a unit. Quebecor's application will be heard -- and defended -- at the Superior Court of

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