CanWest's AA purchase delayed

TORONTO - CanWest Global and Alliance Atlantis said today that CanWest's deal to purchase AA will take a few more months than they thought. The companies now expect to complete the $2.3 billion purchase (where CanWest is being backed by Goldman Sachs) in July or August, rather than in May. (Of course, the real hurdle will be facing the Commission with this deal.)"CanWest and Alliance Atlantis had anticipated that the preparation and audit of certain of the financial information required… in connection with debt financings being undertaken in connection with the Arrangement could be completed in time for a May...