10:14 AM EST - Quebecor Media Inc. : plans to buy Osprey Media Income Fund to become one of Canada's biggest newspaper publishers in a deal valued at $355.5 million, the companies said late on Thursday. Quebecor Media, a wholly-owned subsidiary of Quebecor Inc., will pay $7.25 per unit of Osprey Media, or a 30.6 percent premium over the closing price of the units on March 5, when Osprey announced a strategic review. The deal has a total enterprise value of about $516.9 million. Quebecor Media Inc.
shares T.QBR.B are trading up 45 cents at $38.73.
