HALIFAX — A Toronto-based restructuring firm says several bidders have offered to buy all or part of SaltWire Network and The Halifax Herald, the two...
HALIFAX — A Toronto-based restructuring firm says several bidders have offered to buy all or part of SaltWire Network and The Halifax Herald , the two insolvent companies that operate Atlantic Canada 's largest newspaper enterprise.
The next step is for KSV to conduct a due diligence process that will determine which bidders will be asked to submit binding offers by May 24 at 5 p.m., which could lead to court approval for a transaction no later than June 28 and an anticipated closing deadline of July 31.On March 13, a Nova Scotia Supreme Court judge granted the media companies and their subsidiaries protection from creditors owed about $90 million.
Japanese automaker Honda has announced a $15-billion plan to build four new electric vehicle manufacturing plants in Ontario. Mike Drolet reports on the federal government's efforts to re-energize Canada's auto sector, and the reasons why Honda chose Ontario.A court in Romania’s capital ruled that a trial can start in the case of influencer Andrew Tate, who is charged with human trafficking, rape and forming a criminal gang to sexually exploit women.
KSV Saltwire Network Atlantic Canada Due Diligence Process The Halifax Herald
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