Quebec · NOI
First Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Trustee to the Notice of Intention to Make a Proposal
Court officer report · 12 November 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- process resultsbids: 0 · ndas: 5 · note: Three parties initially indicated interest but declined to submit an offer by the bid deadline; other than the Indication of Interest, no indications of interest or offers were received · as of: 2019-10-18 · solicited: 36
- purchaserprice: note: No binding agreement reached; contemplates assumption of certain liabilities · sealed: false · scope: all or substantially all of the Companies' assets and properties related to the head office, the warehouse and Stores other than the Liquidation Stores · status: proposed · name note: referred to as the 'Proposed Purchaser' under an Indication of Interest; not named · structure: assets · name source: recital · relationship: unstated
- sale advisorErnst & Young Orenda Corporate Finance Inc.; Gordon Brothers Canada ULC
- sale outcometext: The Indication of Interest represents the only proposal contemplating a going concern transaction; no binding agreement reached · scope: whole_business · status: pending_approval