Rogers repurchases nearly $1.3-billion of its debt
Article Abstract:
Cable broadcaster Rogers Communications Inc of Toronto, Ontario, has announced that is has completed a buyback of C$1.28 billion ($806 million) worth of its debt from investors in the open market. Rogers said the proceeds from its deals with Microsoft Corp, AT and T Corp and British Telecommunications PLC totalling around C$2 billion provided the company with enough cash to reduce its debt. The company said that it currently has more than C$250 million in cash after the debt repayment.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Air Canada's new boss key force
Article Abstract:
Air Canada has issued a curt statement regarding Onex Corp's unsolicited bid to acquire the company and merge it with Canadian Airlines International Ltd. The airline said that the offer is below the market value of the company, and added that it will not comment further until it receives and completely reviewed the bid. Air Canada also said that the proposal will not benefit the company's shareholders and carriers.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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