Nova Scotia judge approves sales and investment solicitation process for insolvent SaltWire Network Inc. and The Halifax Herald Ltd.
A Nova Scotia judge has approved a process to find buyers or investors for SaltWire Network Inc. and The Halifax Herald Ltd., two companies that operate Atlantic Canada's largest newspaper enterprise. The insolvent companies were granted creditor protection, and the judge approved a sales and investment solicitation process (SISP) to canvass the market for potential buyers or investors. The outcome may include a restructuring or recapitalization of the companies to ensure their continued viability.
March 25, 2024
12 Articles