Macdonald named trustee as CRTC approves AA/CanWest arrangement

TORONTO – The CRTC has approved the plan of arrangement between Alliance Atlantis and CanWest Global that will run Alliance Atlantis until the Commission can decide on the purchase and transfer of ownership in a hearing. The Plan of Arrangement will see AA Acquisition Corp. (formerly 6681859 Canada Inc.) acquire all of the outstanding shares of Alliance Atlantis for $53 cash per share, as was announced in January. AA Acquisition is primarily funded by Goldman Sachs, with CanWest Global to be controlling shareholder of the regulated assets.AA owns (directly or indirectly) the securities of certain entities which are regulated by...