Quebec · CCAA
Report of the Monitor submitted in Conjunction with Motion with respect to the Sale of Certain Assets and the Appointment of an Interim Receiver
Court officer report · 28 July 2005
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- closing confirmedscope: EVH's assets · outcome: not_completed · purchaser: Quebec Waters, Inc. · date basis: unstated · approval order date: 2005-02-23
- operational summaryThe debtors ceased operations in early 2004 (February 2004) and have been under CCAA protection since March 2004. The report supports a court-approved sale of all assets to Eaux Vives Water Bottling Corp. for $18,000,000 cash, with the Monitor acting as Interim Receiver, and warns that failure to close would likely force a liquidation.
- process resultsbids: 4 · ndas: 14 · note: Initial marketing process figures; second marketing process and extended process yielded further offers (6 interested parties, later 4 offers and 2 letters of interest by January 21, 2005) · as of: 2004-06-23 · solicited: 60
- purchaserQuebec Waters, Inc.; Eaux Vives Water Bottling Corp.
- report date28 July 2005
- sale advisorScotia Capital Inc.
- sale outcometext: Monitor recommends approval of the proposed sale transaction to Eaux Vives Water Bottling Corp. after an earlier sale to Quebec Waters, Inc. failed to close · scope: whole_business · status: pending_approval