Bankruptcy Protection Extension Granted to Canwest Global Communications
Posted on Apr 9, 2010 4:30pm PDT
Canwest Global Communications Corp. has won an extension of its bankruptcy protection. The company is still working on its sale and is requiring more time to carry out the recapitalization transaction. The company originally sought protection from creditors after it missed interest payments on bonds and asset sales failed to raise enough money to cope with its debt.
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