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Published 12 days ago

Bidders express interest in buying all or part of SaltWire newspaper business

  • Several bidders have shown interest in acquiring SaltWire Network Inc. And The Halifax Herald Ltd., allowing them to operate as viable businesses, according to a report by KSV Restructuring Inc.
  • KSV's report revealed that more than 250 potential buyers received information about the sale process, with offers submitted for the media companies' assets.
  • The next phase involves a due diligence process by KSV to select bidders for binding offers by May 24, potentially leading to court approval for a transaction by June 28, impacting around 800 contractors and 390 employees.
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