Yellow Pages Group acquires Classified Media 'Canada' Holdings Inc.
Date Closed
June 8, 2006
Lead Office
Toronto
Value
760.00 Million CAD
On June 8, 2006, Yellow Pages Group through Yellow Pages Income Fund acquired Classified Media (Canada) Holdings Inc. (Trader Canada), a leading Canadian provider of classified publications and related web sites, from Trader Classified Media N.V., for a purchase price consideration of C$760 million payable in cash at closing. Concurrent with the signing of the share purchase agreement, Yellow Pages Income Fund and YPG Holdings Inc. completed a securities offering consisting of units, subscription receipts, debt securities and medium term notes with a value of C$1.5 billion.
McCarthy Tétrault LLP advised Classified Media Holdings with a team led by Stephen Clark.