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-0.000305997552019523 -0.000458996328029393 0 -0.00489596083231324 -0.00489596083231324 -0.00458996328029371 -0.00917992656058743 -0.0120869033047734
Stock impact report

Toronto private lender Canso funds Torstar takeover bid, after backstopping two of its print media rivals [Toronto Globe and Mail (Ontario, Canada)]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Toronto private lender Canso funds Torstar takeover bid, after backstopping two of its print media rivals Exteriors of 1 Yonge St., long time home of the Toronto Star newspaper, are photographed on May 27 2020. Fred Lum/The Globe and Mail Exteriors of 1 Yonge St., long time home of the Toronto Star newspaper, are photographed on May 27 2020. One Toronto-based fund manager has emerged as the lender of choice and potential kingmaker at Canadian print media companies, pledging $50-million for the planned takeover of Torstar Corp. after previously backstopping two of the publisher’s biggest rivals. Canso Investment Counsel Ltd., which oversees $24-billion on behalf of clients, is lending the money that entrepreneurs Jordan Bitove and Paul Rivett need to buy struggling Torstar, owner of the Toronto Star and 70 other papers, and pay for a digital revamp of the company. Canso is also the major lender to Toronto-based Postmedia Network Canada Corp., which owns the National Post and 140 oth Show less Read more
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