RE:New report is out Jan 9 - Sale of US assets approved Order (A) Approving Noticing Procedures for Debtors' Motion for (I) Approval of the Sale of Debtors' Assets; and (II) Recognition and Enforcement of Canadian Court Order Approving the Sale; (B) Setting a Sale Hearing; and (C) Granting Related Relief dated January 9, 2023
In accordance with the Bidding Procedures, the Foreign Representative anticipates that Successful Bid(s) will be selected by no later than January 13, 2023, at 5:00 p.m. (prevailing Eastern time), and the parties will then have until January 27, 2023, to complete definitive sale documentation
Following the selection of a Successful Bid(s), during the week of January 30, 2023, the Foreign Representative anticipates the Debtor will seek an order from the Canadian Court approving the Successful Bid(s) and authorizing the Debtors to consummate the transactions therein, whereby parties wishing to oppose the entry of an order approving the sale(s) of the
Debtors’ Assets (each, a “CCAA Sale Order”) will have the opportunity to object and be heard.
Service List Jan. 3, 2023