UPDATE 1-CanWest switches to bridge financing for Alliance

Newswire

(Adds CanWest statement, stock moves, changes dateline, previous NEW YORK) TORONTO, July 31 (Reuters) - CanWest Global Communications Corp. will use bridge financing instead of a high-yield debt offering to fund its C$2.3 billion ($2.2 billion) takeover of specialty-TV group Alliance Atlantis Communications , the companies said on Monday. CanWest, Canada's biggest media company, along with a private-equity affiliate of Goldman Sachs have agreed to pay C$53 a share to buy Alliance ...

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