Television broadcaster Groupe TVA Inc. announced on January 17, 2000 that it will acquire all the shares of Trustar Inc., a niche publishing company based in Montreal, for a total value of $46 million paid in a combination of stock and cash. Trustar publishes a number of French-language magazines, including “7 jours” and “Dernière heure”, and is the market leader in Quebec. The move is part of TVA’s strategy to become an integrated communication and entertainment company.
Léger Robic Richard, led by Hugues Richard and François Painchaud represented the vendor, Les Investissements Rasdo Ltée, on the transaction. Desjardins Ducharme Stein Monast, led by Jean-Maurice Saulnier and François Renaud, represented Groupe TVA Inc.