The Calgary-based player has obtained approval to initiate a sale and investment solicitation process to be conducted in conjunction with the creditor protection proceedings it sought earlier this week.
As part of those proceedings, the Canadian equivalent of a Chapter 11 bankruptcy protection filing in the US, Ernst & Young has been appointed as monitor of the company.
“Connacher and the monitor are currently seeking parties interested in acquiring or investing in the business or the assets of the corporation,” Connacher said late on Thursday.
The
