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TECHNOLOGY & TELECOMMUNICATIONS

From Times Staff and Wire Reports

Rogers Bids to Acquire Maclean Hunter: Toronto-based Rogers Communications Inc. said it is offering about $12.65 in cash for each Maclean Hunter share in its bid to take over the Toronto media company. In addition, shareholders would receive a share of the proceeds from the sale of Maclean Hunter’s U.S. cable TV assets if the sale generated more than $1.1 billion, Rogers said. Rogers already owns 14.9 million Maclean Hunter shares. The tender offer is good until March 15.


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