BusinessCorporate FinanceLord Black on cusp of Hollinger buyout

Lord Black on cusp of Hollinger buyout

Lord Conrad Black looks set to purchase Hollinger Inc, the company through which he once ran The Daily Telegraph, despite fraud allegations relating to his time as chairman at Hollinger International.

Link: KPMG joins Lord Black in firing line

Shareholders of the Canadian company will meet on 31 March to discuss Lord Black’s buyout proposal, with the Hollinger Inc board expected to broadly support the move.

Lord Black quit as chairman and chief executive in November following the bid announcement but was forced out of a similar position at Hollinger International, which once owned the Telegraph a year earlier after being accused of looting funds, which he denies.

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