Ontario · CCAA
The purpose of this Forty-Ninth Report of the Monitor (the "Forty-Ninth Report") is to provide information regarding the Applicants' motion seeking approval of a sale of NNL's and NNTC's assets related to the wireless backhaul and multi-hop digital repeater/relay research and development program (the "Relay Program") pursuant to an Asset Sale Agreement dated June 17, 2010 (the "ASA"), amongst NNL and NNTC (collectively, the "Vendors") and 7522312 Canada Inc. (the "Purchaser") and certain other transaction documents (collectively, the "Successful Bid"), and to provide the Monitor's support thereof
Court officer report · 22 June 2010
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 filing2 verified
- purchaser7522312 Canada Inc.
- sale outcometext: Monitor recommends approval of the ASA transaction and vesting of the Assets to the Purchaser · scope: ancillary · status: pending_approval