Ontario · CCAA
Twelfth Report of the Monitor, dated August 6, 2024
Court officer report · 6 August 2024
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 filing4 verified
- process resultsbids: 3 · note: In total 71 parties were contacted; three offers were received for PGL's assets and business · as of: 2024-08-06 · solicited: 71
- purchaser1000927605 Ontario Inc.; price: note: gross purchase price under the Cornwall APS · basis: cash · amount: 7500000 · sealed: false · currency: CAD · scope: the Cornwall Property · status: proposed · name note: purchaser under the Cornwall APS, unnamed · structure: real_property · name source: recital · relationship: unstated; price: note: gross purchase price under the Abbotsford APS · basis: cash · amount: 15500000 · sealed: false · currency: CAD · scope: the Abbotsford Property · status: proposed · name note: purchaser under the Abbotsford APS, unnamed · structure: real_property · name source: recital · relationship: unstated
- sale advisorEY Corporate Finance Group
- sale outcometext: PGL Sale Process resulted in selection of a Successful Bid from the Proposed Purchaser, but the PGL Sale Agreement has not yet been finalized · scope: whole_business · status: pending_approval