The private lending firm that pushed Atlantic Canada’s largest newspaper chain into insolvency in March says negotiations aimed at selling SaltWire Network Inc. and The Halifax Herald Ltd. have reached a critical phase.
Last week, the court-appointed monitor overseeing the potential sale of the deeply indebted companies confirmed the selection of an unnamed bidder who has plans to operate the companies as viable businesses. Today, a lawyer representing KSV, George Benchetrit, said an approved transaction could come sooner than that date.
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