Ontario Superior Court approves Alliance Atlantis Plan of Arrangement
29 6월 2007 - 1:05AM
PR Newswire (US)
TORONTO, June 28 /PRNewswire-FirstCall/ -- Alliance Atlantis
Communications Inc. ("Alliance Atlantis") and CanWest Global
Communications Corp. ("CanWest") today announced that the Ontario
Superior Court of Justice has issued the final order approving the
Plan of Arrangement pursuant to which AA Acquisition Corp., a
subsidiary of CanWest MediaWorks Inc., would acquire all of the
outstanding shares of Alliance Atlantis. This order follows a
fairness hearing held earlier today in connection with the
Arrangement. Alliance Atlantis and CanWest expect the Arrangement
to be completed by early August, 2007. Completion of the
Arrangement is subject to the satisfaction or waiver of the
remaining conditions specified in the Arrangement Agreement. Under
the terms of the Arrangement, Alliance Atlantis shareholders will
receive $53.00 in cash for each Alliance Atlantis share. About
Alliance Atlantis Alliance Atlantis offers Canadians 13
well-branded specialty channels boasting targeted, high-quality
programming. Alliance Atlantis also co-produces and distributes the
hit CSI franchise and indirectly holds a 51% limited partnership
interest in Motion Picture Distribution LP, a leading distributor
of motion pictures in Canada, with motion picture distribution
operations in the United Kingdom and Spain. Alliance Atlantis'
shares are listed on the Toronto Stock Exchange-trading symbols
AAC.A and AAC.B. Alliance Atlantis' website is
http://www.allianceatlantis.com/. About CanWest Global
Communications Corp. CanWest Global Communications Corp.
(http://www.canwestglobal.com/), (TSX: CGS and CGS.A) an
international media company, is Canada's largest media company. In
addition to owning the Global Television Network, CanWest also
owns, operates and/or holds substantial interests in Canada's
largest publisher of daily newspapers, and conventional television,
out-of-home advertising, specialty cable channels, web sites and
radio stations and networks in Canada, New Zealand, Australia,
Turkey, Singapore, the United Kingdom and the United States.
Forward-Looking Statements This press release includes
forward-looking statements which reflect the current expectations
of Alliance Atlantis and CanWest. Forward-looking statements are
those which are not historical fact and include in this new release
statements relating to the expected completion date of the
Arrangement. The reader should not place undue reliance on such
forward-looking statements. They involve known and unknown risks,
uncertainties and other factors that may cause them to differ
materially from anticipated future results or expectations
expressed or implied by such forward-looking statements. Certain
risks, uncertainties and other factors are described in materials
filed by Alliance Atlantis and CanWest with the security regulatory
authorities in Canada from time to time, which are available at
http://www.sedar.com/. Neither Alliance Atlantis nor CanWest
undertakes any obligation to publicly update or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise. DATASOURCE: Alliance
Atlantis Communications Inc. CONTACT: Alliance Atlantis: Jennifer
Bell, tel. (416) 934-7854; CanWest Global: Deb Hutton, tel. (416)
383-2442
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