Fairfax Announces Acquisition of Shares of Torstar
20 Marzo 2014 - 3:02PM
Marketwired
Fairfax Announces Acquisition of Shares of Torstar
TORONTO, ONTARIO--(Marketwired - Mar 20, 2014) - Fairfax
Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) announced today
that it has acquired, through certain of its subsidiaries,
2,385,350 Class B non-voting shares ("Class B Shares"),
representing 3.4% of the outstanding Class B Shares of Torstar
Corporation ("Torstar"), bringing its total holdings in Torstar to
15,899,650 Class B Shares or approximately 22.7% of the total Class
B Shares outstanding. The shares were purchased through the
facilities of the Toronto Stock Exchange at a price of $5.35 per
Class B Share for investment purposes. The purchase was made in
reliance on the normal course purchase exemption in section 100 of
the Securities Act (Ontario). Fairfax continually reviews its
investment alternatives and may purchase additional shares of
Torstar from time to time in accordance with applicable laws.
Fairfax Financial Holdings Limited is a financial services
holding company which, through its subsidiaries, is engaged in
property and casualty insurance and reinsurance and investment
management.
Fairfax Financial Holdings LimitedJohn VarnellVice President,
Corporate Development(416) 367-4941
Fairfax Financial (TSX:FFH.U)
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