CanWest Deal: Goldman says court made "fundamental errors" in approving Shaw's bid

TORONTO – An Ontario court made a number of mistakes when it approved a deal that allowed Shaw Communications to buy CanWest Global Communications’ TV assets, say documents filed in court this week by Goldman Sachs.Amongst the numerous “fundamental errors” that Goldman has alleged was “failing to properly assess the integrity of the fundamentally unfair (bidding) process”. Goldman claims the process was designed to exclude any bidders who did not agree to sign a non-disclosure agreement which prevented them from speaking with the U.S. investment bank, as Cartt.ca has reported. Goldman Sachs is the key creditor and the 65% equity...