Seagram tries to calm shareholders
Article Abstract:
Seagram Co. Ltd., a large liquor and entertainment company based in Montreal, Quebec, asked stockholders to trust management's wisdom in buying entertainment conglomerate PolyGram NV of the Netherlands for $10.4 billion. Seagram president and chief executive officer Edgar Bronfman Jr. predicted that Seagram will be able to reap annual cost savings of C$300 million expected from the deal. Bronfman explained that Polygram will complement the Universal Studios Inc. operations of Seagram to produce a strong player aside from significant benefits for stockholders. In addition, Seagram absorbed 4% lower operating earnings for the first quarter of fiscal 1999 due to the duller performance of its Asian spirits operations.
Comment:
Asks stockholders to trust management's wisdom in buying entertainment conglomerate PolyGram NV of the Netherlands
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Rogers boosts stake in Cogeco Cable
Article Abstract:
Rogers Communications Inc. increases its stake in Cogeco Cable Inc. to 30 percent.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
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