Bidders express interest in buying all or part of SaltWire newspaper business

Report does not say how many bids were received by Thursday's initial bidding deadline

The Canadian PressMichael MacDonald

Several bidders have offered to buy all or part of SaltWire Network Inc. and The Halifax Herald Ltd., the two insolvent companies that operate Atlantic Canada's largest newspaper enterprise, a restructuring firm says.

Toronto-based KSV Restructuring Inc., in a report filed Friday, said some of those non-binding offers, if accepted, would enable the deeply indebted companies to continue operating as viable businesses.

"As of the ... bid deadline, several indicative non-binding letters of intent we…

Continued...

Read the full story on the CBC website

Bidders express interest in buying all or part of SaltWire newspaper business

SOURCE www.cbc.ca

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https://capebreton.lokol.me/s/bidders-express-interest-in-buying-all-or-part-of-saltwire-newspaper-business-34361-9472998
The Canadian PressMichael MacDonald, Posted: Apr 28, 2024 9:48 AM EDT | Last Updated: 3 minutes ago
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