Quote:
Originally Posted by bc2mb
trust me, canwest has been trying to buy the WFP for years... but the price is too high in their view.
still... things are getting really cozy between the two companies... there's global news video on the WFP website and CanWest MediaWorks also does their media buying now.
i'd say within the next 2 years there will be a deal.
|
The FP has had a declining balance sheet for the last number of years and are open to offers.
The current ownership group has bled the equity of the company and now need to look for altenatives.
I'd agree than when the paper was for sale a couple years ago the price it went for wasn't prudent, but I believe today will reflect a much more realistic value. I also look for it to be taken over within the next year if not sooner.