NEWFOUNDLAND CAPITAL CORPORATION LIMITED Stingray has offered Newfoundland Capital shareholders C$14.75 per share held, a 16 percent premium to Newfoundland's close on Tuesday.
(Reporting by Ahmed Farhatha; Editing by Sriraj Kalluvila)
Newfoundland Capital : Canadian broadcaster Stingray to buy Newfoundland Capital for C$506 million
May 02, 2018 at 04:07 pm EDT
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(Reuters) - Canadian media company Stingray Digital Group Inc on Wednesday said it would buy Newfoundland Capital Corp for about C$506 million ($393.01 million), including debt, adding radio broadcasting assets to its business.
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