Question why was Torstar's bid if only 800 million, seen as second place, while the auction bid is 950 million to start
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http://www.theglobeandmail.com/globe-investor/debt-was-the-killer-in-torstars-bid/article1565494/
Quote, "Fairfax, which was bankrolling Torstar’s bid, figured a higher offer than $800-million would have put too much debt on the newspaper business, making it difficult to be profitable in the long run, according to a source close to the bid."
