Alliance Atlantis fairness hearing re-scheduled to next month

TORONTO – The fairness hearing in connection with CanWest Global Communications’ purchase of Alliance Atlantis Communications’ has been re-scheduled to June 15 at the request of the specialty TV broadcaster. The hearing was initially set for May 18, 2007. The Movie Distribution Holding Trust, a minority shareholder in Alliance Atlantis’ Movie Picture Distribution LP (MPD), contends that its consent is needed in connection with the CanWest Global purchase. Alliance Atlantis, which indirectly owns 51% of MPD, doesn’t believe the arrangement requires the consent of the Holding Trust, although it says certain re-organizational steps anticipated in the deal may require the...