10:25 AM EST - Astral Media Inc. : has struck a deal to acquire privately held Standard Radio Inc. for about $1.08 billion in cash and stock, becoming Canada's largest radio broadcaster. The assets include Standard Radio's 52 radio stations, which operate in five provinces and include some of the most recognized radio brands. Astral Media Inc.
shares T.ACM.B are trading unchagned at $42.50.
