Canwest's stock delisted, court approves restructuring timetable

WINNIPEG and TORONTO – The Toronto Stock Exchange will delist Canwest Global Communications’ subordinate voting and non-voting shares on November 13, 2009.The delisting was imposed after Canwest failed to meet the continued listing requirements of the TSX, the company said in a release. Trading in Canwest shares, which was suspended last week after the debt-laden media company filed for creditor protection, remains suspended.In related news, Canwest made a court appearance in Toronto Wednesday where it received approval for a timetable that would see its restructuring completed by January.According to reports from the Canadian Press, US investment firm Goldman Sachs is against such...