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Exclusive: Corus set to win shareholder vote for C$2.65 billion media deal - sources

Corus Entertainment Inc's minority shareholders are set to approve its C$2.65 billion ($2 billion) bid for Shaw Communications Inc's media assets, despite vocal opposition from private equity firm Catalyst Capital, according to two sources familiar with the situation. A Corus shareholder vote is set for March 9. The transaction needs to win the approval of more than half of Corus' minority shareholders, as it is a related-party deal with the Shaw family owning controlling stakes in both Shaw Communications and Corus. The majority of the proxies have come in ahead of the vote, and over 75 percent of the proxies tendered are in favor of the transaction, one of the sources said, speaking on condition of anonymity as the matter is private. "It's a done deal," the source said. It is still unclear though whether the vote will proceed on Wednesday, as the Ontario's securities regulator is currently weighing whether Corus needs to provide additional disc...