WINNIPEG and OTTAWA-GATINEAU – Thanks to a late closing date on the transaction itself, the CRTC hearing into the CanWest Global/Goldman Sachs purchase of Alliance Atlantis will now happen on November 19th.
It had been scheduled for next Wednesday at the Commission headquarters in Gatineau and it appears the Regulator wanted the change.
The CanWest press release issued late this afternoon said the company has "received notice from the… CRTC that the hearing into its application to transfer Alliance Atlantis’ regulated properties to CanWest will be held on November 19, 2007."
"The delay is a result of the later closing date (August 15) of the sale of Alliance Atlantis’ shares and the subsequent necessary filings associated with the transaction’s close," continues the release.
"Obviously, we’re disappointed," said Leonard Asper, president and CEO of CanWest in the release. "However, we understand and fully appreciate that this is a complex transaction that both the Commission and the interested public want to have an opportunity to review in its entirety."
