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Torstar Corporation (TS-B.TO)

Toronto - Toronto Delayed Price. Currency in CAD
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0.74000.0000 (0.00%)
As of 12:35PM EDT. Market open.
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Previous Close0.7400
Open0.7300
Bid0.7300 x 0
Ask0.7400 x 0
Day's Range0.7300 - 0.7400
52 Week Range0.2500 - 0.9800
Volume19,112
Avg. Volume232,191
Market Cap60.189M
Beta (5Y Monthly)0.98
PE Ratio (TTM)N/A
EPS (TTM)-0.8330
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateSep. 06, 2019
1y Target Est0.63
  • Torstar Corporation Announces Completion of Plan of Arrangement
    CNW Group

    Torstar Corporation Announces Completion of Plan of Arrangement

    TORONTO, Aug. 5, 2020 /CNW/ - Torstar Corporation ("Torstar") (TSX:TS.

  • The Canadian Press

    NordStar gets court approval for Torstar deal after request for appeal denied

    TORONTO — An appeals court has paved the way for NordStar Capital LP to purchase newspaper publisher Torstar Corp. for $60 million.Divisional Court Justice Michael Penny rejected a request today from rival bidder Canadian Modern Media Holdings Inc. that would have prevented the deal from moving forward.CMMH had asked for a stay of a Monday ruling from Ontario Superior Court Justice Cory Gilmore, who approved NordStar's takeover bid.CMMH claimed Gilmore had made mistakes warranting an appeal of the decision, but Penny says CMMH did not demonstrate there is a serious issue or that they will suffer irreparable harm.Gilmore sided with Torstar and NordStar for several reasons, including that CMMH had missed a key deadline for presenting its rival offer. Torstar's board stood by an amended NordStar offer of 74 cents per share even though CMMH had attempted to raise its bid to 80 cents per share before a shareholder vote.Gilmore ruled that Torstar's board had acted properly and noted that NordStar had locked up support of two crucial blocks of shares controlled by a voting trust and Fairfax Financial Holdings Inc.Under the NordStar plan, Torstar will delist its shares from the Toronto Stock Exchange and its publishing business will continue to be managed by its current executive team.___Torstar holds an investment in The Canadian Press as part of a joint agreement with subsidiaries of the Globe and Mail and Montreal's La Presse.This report by The Canadian Press was first published July 28, 2020.Companies in this story: (TSX:TS.B)The Canadian Press

  • Rival bidder for Torstar seeks appeal of court ruling approving NordStar deal
    The Canadian Press

    Rival bidder for Torstar seeks appeal of court ruling approving NordStar deal

    TORONTO — A rival bidder for Torstar Corp. is seeking to appeal an Ontario judge's ruling that allows NordStar Capital LP to proceed with its $60-million purchase of the newspaper publishing company.A lawyer representing Canadian Modern Media Holdings Inc. says it has asked Ontario's divisional court to stay Tuesday's decision by Justice Cory Gilmore and allow CMMH to appeal her ruling.CMMH lawyer Alistair Crawley asked Gilmore during a Friday hearing to withhold approval of the NordStar deal because Torstar shareholders weren't given enough information about a higher bidHowever, Gilmore ruled that Torstar's deal with NordStar was "fair and balanced" and that CMMH's competing bid had been submitted too late in the process.An Ontario Superior Court judge would normally be the final regulatory approval required in this sort of transaction, but CMMH's move could disrupt Torstar's plan to close the deal by Thursday.Torstar holds an investment in The Canadian Press as part of a joint agreement with subsidiaries of the Globe and Mail and Montreal's La Presse.This report by The Canadian Press was first published July 28, 2020.Companies in this story: (TSX:TS.B)The Canadian Press