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HOLLINGER UPS BID FOR SOUTHAM

By Adnews Staff

Hollinger Canadian Publishing Holding Inc. announced this week that it will increase its take-over bid for all common shares of Southam Inc. of Toronto not owned by it from $22 to $25.25 per share. Hollinger currently owns 71 per cent of Southam. Southam has stated that the offer is fair. The bid is on the table until Jan. 18.

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