Nelvana seals Cinar takeover

Vlessing, Eton
March 2004
Hollywood Reporter -- International Edition;3/16/2004, Vol. 383 Issue 2, p58
A consortium led by former executives of animation company Nelvana Ltd. Michael Hirsh and Toper Taylor have successfully closed their $144 million acquisition of rival Canadian animation producer Cinar Corp. After securing shareholder and regulatory approvals, Hirsh, Taylor and financial backers TD Capital Canadian Private Equity Partners and OMERS Merchant Banking Group have received $3.60 per share for Cinar's production arm, programming library and educational publishing businesses.


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