TORONTO, April 23 /CNW/ - Alliance Atlantis Communications Inc. and
CanWest Global Communications Corporation today announced that the Plan of
Arrangement pursuant to which AA Acquisition Corp. (formerly 6681859 Canada
Inc.) would acquire all of the outstanding shares of Alliance Atlantis for
$53.00 cash per share has cleared Canadian Competition Bureau review.
About Alliance Atlantis
Alliance Atlantis offers Canadians 13 well-branded specialty channels
boasting targeted, high-quality programming. Alliance Atlantis also
co-produces and distributes the hit CSI franchise and indirectly holds a 51%
limited partnership interest in Motion Picture Distribution LP, a leading
distributor of motion pictures in Canada, with motion picture distribution
operations in the United Kingdom and Spain. Alliance Atlantis' shares are
listed on the Toronto Stock Exchange-trading symbols AAC.A and AAC.B. Alliance
Atlantis' website is www.allianceatlantis.com.
About CanWest Global Communications Corp.
CanWest Global Communications Corp. (www.canwestglobal.com), (TSX: CGS
and CGS.A, NYSE: CWG) an international media company, is Canada's largest
media company. In addition to owning the Global Television Network, CanWest
also owns, operates and/or holds substantial interests in Canada's largest
publisher of daily newspapers, and conventional television, out-of-home
advertising, specialty cable channels, web sites and radio stations and
networks in Canada, New Zealand, Australia, Turkey, Singapore, the United
Kingdom and the United States.
This press release includes forward-looking statements which reflect
Alliance Atlantis' current expectations. Forward-looking statements are those
which are not historical fact and include in this news release statements
relating to the completion of the Arrangement. The reader should not place
undue reliance on such forward-looking statements. They involve known and
unknown risks, uncertainties and other factors that may cause them to differ
materially from anticipated future results or expectations expressed or
implied by such forward-looking statements. Other risks and factors are
described in materials filed by Alliance Atlantis with the security regulatory
authorities in Canada from time to time are available at www.sedar.com.
Alliance Atlantis undertakes no obligation to publicly update or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise.
This news release contains certain comments or forward-looking statements
regarding CanWest that are based largely upon current expectations and are
subject to certain risks, trends and uncertainties. These factors could cause
actual future performance to vary materially from current expectations.
CanWest disclaims any intention or obligation to update any forward-looking
statement even if new information becomes available as a result of future
events or for any other reason.
For further information:
For further information: Alliance Atlantis: Nicola McIsaac, tel. (416)
969-4405; CanWest Global: Deb Hutton, tel. (416) 383-2442