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Article: First Stage of the Acquisition of The Jerusalem Post Completed.
- Article from:
- PR Newswire
- Article date:
- December 16, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CanWest Global Communications Corp. today announced that its partner, Mirkaei Tikshoret Group Ltd (MTL) has completed the acquisition of the shares of the Palestine Post Limited, the publisher of The Jerusalem Post, The Jerusalem Report and related properties (The Jerusalem Post Group) from Hollinger International Inc. for US$13.2 million, in cash. The transaction had received approval from the Israeli anti- trust regulatory authorities on December 8th.
Under an arrangement announced in mid-November, the MTL and CanWest joint venture partnership will own all the assets of The Jerusalem Post newspaper and related properties. The partnership is expected to complete ...