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EdgeStone Capital Partners acquires 49% of Canada's MPD

Canada's distribution landscape shifted again today as Canadian private equity firm EdgeStone Capital Partners announced plans to acquire the 49 per cent share of Motion Picture Distribution LP owned by Movie Distribution Income Fund. The other 51 per cent will be controlled by Goldman Sachs, part of the US investment bank's over-arching deal with CanWest Global to acquire MPD's parent company, Alliance Atlantis Communications. Fund unit holders will receive C$10 per unit.

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