ARCHIVED - Broadcasting Public Notice CRTC 2004-25-1
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Broadcasting Public Notice CRTC 2004-25-1 |
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See also: 2004-25 Ottawa, 26 April 2004 |
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| Further to its Broadcasting Public Notice CRTC 2004-25 dated 16 April 2004, the Commission announces the following: | |
Correction
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Across Canada Application No. 2004-0166-2 |
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| The Commission hereby corrects Broadcasting Public Notice CRTC 2004-25, an application submitted by Persona Communications Inc. (Persona) for authority to transfer all of its shares to Canadian Cable Acquisition Company Inc. (CCAC). | |
| The proposed ownership information related to Persona should have read as follows: | |
| CCAC would be a corporation to be indirectly owned by CIBC Wood Gundy Capital (SFC No. 2) Inc. (CIBC) and TD Capital Canadian Private Equity Partners Ltd. (TD) through their equal ownership of a company to be incorporated (Canco), which, in turn, would hold 67% of the voting interest of CCAC. | |
| The remaining 33% voting interest of CCAC would be held by HMTF General Partnership where the partners would be various family trusts and funds owned by the shareholders of Hicks, Muse, Tate & Furst Incorporated (HMTF), a non-Canadian owned and controlled corporation (collectively HMTF). | |
| The Commission notes that, under the proposed terms and conditions of the acquisition, HMTF would have the highest representation on the board of CCAC and would enjoy certain shareholder rights. The combination of these factors could confer HMTF with a significant influence over the business affairs of Persona that could amount to effective control. | |
| This document is available in alternative format upon request and may also be examined at the following Internet site: http://www.crtc.gc.ca | |
| Secretary General |
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