Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #policeHalifax Supreme Court heard Tuesday morning that there could be plan to sell the Halifax Herald Ltd. and SaltWire Network Inc. by the end of June.
“Several indicative non-binding letters of intent were submitted from interested parties for all or part of the Media Companies business and assets, including offers that, if completed, would see the business continue on a going-concern basis,” reads a summary of the sales and investment solicitation process filed by KSV.Monitor lawyer George Benchetrit clarified to the court that the approved sale could come in the form of agreements with multiple bidders for different aspects of the companies.
“Public interest is obviously a consideration due to the important nature of these businesses,” said Keith.The Halifax Herald Ltd. owns The Chronicle Herald and SaltWire owns daily papers The Telegram , The Guardian , The Cape Breton Post, and weekly papers throughout Atlantic Canada, along with a variety of digital publications.
The phase one deadline for non-binding letters of intent was April 25. Those approved to submit binding letters of offer will have until May 24 to do so.
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