Montreal: TVA Group’s senior management has organized a Canada/u.s. road show to sell a new subscription receipt offering aimed at financing the acquisition of Motion International.

The road show opened the last week of April with dates in Montreal, Toronto, Boston and New York, with more dates in Vancouver, May 2; Calgary and Edmonton, May 3; and Winnipeg, May 4.

tva road show leads include president and ceo Daniel Lamarre, cfo Joane Demers and TVA International president Andre Provencher.

tva has filed a preliminary prospectus in all Canadian provinces. The selling price for each subscription receipt had not been determined at Playback press time. Each receipt is worth one TVA Group class b non-voting share.

tva’s announced $5.45 a share offer for Motion represents $88 million in cash. Capital Communications cdpq has put up an additional $31 million. The total acquisition value of the new entity, TVA International, which will be merged with Motion, is $168 million. The deal is expected to close May 5.

Underwriters include lead manager National Bank Financial, Scotia Capital, TD Securities, Bunting Warburg, Dillon Read, CIBC World Markets, Griffiths McBurney & Partners and Yorkton Securities.

tva.b shares were trading in the $26.50 range on the tse at press time. The 52-week high/low is $37 and $16.