Fairness hearing date for Alliance Atlantis sale delayed again

TORONTO – A court hearing on the proposed $2.3-billion takeover of Alliance Atlantis Communications by CanWest Global Communications Corp. and Goldman Sachs has been delayed yet again – this time until June 28. The second change in date of the fairness hearing before the Ontario Superior Court was made at the request of Alliance Atlantis as talks continue over concerns around its Movie Distribution Income Fund. One of the issues to be considered at the hearing is whether or not consent is needed from minority shareholder Movie Distribution Holding Trust before Alliance Atlantis sells its majority stake in the Movie...