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COMPANY TOWN ANNEX

From Times Staff and Wire Reports

Maclean Hunter Accepts Revised Takeover Bid: Rogers Communications Inc. said the board of Maclean Hunter approved the revised offer at the last minute and will recommend it to shareholders. Chief Executive Ted Rogers said at his company’s annual meeting that Maclean Hunter approved the final offer after intense negotiations. The amended terms give Maclean Hunter shareholders a total of $12.90 a share. Toronto-based Rogers Communications is Canada’s largest cable TV operator. Toronto-based Maclean Hunter owns cable operations in Canada and the United States and publishes Maclean’s and Chatelaine magazines, as well as the Post and Sun newspapers.


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