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At a packed press conference in the Air Canada Centre, Teachers’ said it sold its stake for $1.32 billion, based on an enterprise value of just over $2 billion. The transaction is expected to close in mid-2012 and is subject to league and regulatory approval.
Media giants buy stake in MLSE |Maple Leafs
Seeded on Fri Dec 9, 2011 4:43 PM EST
Article Source: Toronto Sun
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Read elsewhere the Pension Fund's original investment in 1994 was $50 million for 50%. This is $1.3 billion for 80%.
Guess they dun gud.
- 3 votes
#1 - Fri Dec 9, 2011 4:45 PM ESTGlad to read about, I mean insofar as the teacher's pension fund is concerned. I've always been wary of giant media corporations and their backward integration strategies.
- 1 vote
#2 - Fri Dec 9, 2011 6:02 PM ESTSounds like the teachers made out like bandits,good for them!
- 1 vote
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