Deal Snapshot
JIM PATTISON GROUP AGREES TO SELL US MAGAZINE DISTRIBUTION RELATED ASSETS TO AMERICAN NEWS
Wednesday 05 December 2018

Canadian holding company The Jim Pattison Group has reached an agreement to sell its United States magazine distribution business, including their interest in The News Group LP, to American News Company, LLC, the company said.
The sale is expected to close by December 31, 2018 at which time executive management, and the approximately 1,500 employees of the acquired businesses, will transition to ANC and continue to oversee the day-to-day operations.


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Details
Date Published: 05/12/2018
Target: United States,  magazine distribution business, including their interest in The News Group LP
Country: USA
Sector: Media
Type: Divestment
Financing:
Status: Agreed
Vendor: The Jim Pattison Group
Buyer: American News Company
Comment:
Terms of the deal were not disclosed

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