TORONTO, March 7 (Reuters) - A major Canadian securities
regulator on Monday ruled that Corus Entertainment Inc CJRb.TO
did not need to disclose more details on its C$2.65 billion ($2
billion) deal to buy media assets from Shaw Communications Inc
SJRb.TO , meaning a shareholder vote due on Wednesday can
proceed.
The Ontario Securities Commission's three-person panel was
responding to an application from private equity firm Catalyst
Capital, a minority Corus shareholder fiercely critical of the
deal. Catalyst argued that the deal would unfairly benefit the
Shaw family, which controls both companies, to the detriment of
minority investors.