Indication of post CCAA earning powerActually, we do have a clue as to the post emergent earning power of Reitmans. The report on SEDAR for the Q ending July 31, 2021 shows revenue of $172M and earnings from operations of $23.9M or $0.50EPS. for the quarter. Lots of moving parts as it includes $6M grants from the Feds for CEWS and CERS and a reversal of over-provisioning, so you don't want to annualise it, but they do seem to be viable after closing down a couple of divisions.
Another reason for thinking mangement is highly motivated to make this deal work is the fact that there is a "top hat" pension plan with no funded assets and liabilities of $21M which will disappear if the deal falls through.