CanWest Deal: Goldman Sachs appeals court's decision on Shaw bid

TORONTO - Goldman Sachs is appealing an Ontario court’s decision to allow Shaw Communications to proceed with its takeover of debt-laden CanWest Global.The move means that the bid put forth by Toronto-based investment fund Catalyst Capital, the Asper family and former Rogers execs Rael Merson and John Tory, is still in play. In documents filed in court this week, Goldman Sachs, which financed CanWest’s purchase of specialty channels from Alliance Atlantis back in 2007, appears to be pulling out all the stops to protect its investment, while accusing the new buyers of trying to pick up the specialties as cheaply as possible...