OMERS reaches deal to buy stake in MLSE for $547-million

OMERS reaches deal to buy stake in MLSE for $547-million

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Ontario Municipal Employees Retirement System (OMERS) has closed a US$400-million deal to buy an indirect 5-per-cent stake in Maple Leaf Sports and Entertainment (MLSE), the parent company of hockey’s Toronto Maple Leafs and basketball’s Toronto Raptors, from minority owner Larry Tanenbaum. The…

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