May 11 set as fairness hearing date for Alliance Atlantis sale dispute

TORONTO – The Ontario Superior Court of Justice will hold a fairness hearing on May 18 to determine whether Alliance Atlantis requires the consent of the minority shareholders of Movie Distribution Income Fund (MDIF) before proceeding with its sale to Goldman Sachs and CanWest Global Communications. All parties have agreed to the date. “Scheduling the court date for the fairness hearing on May 18 will give the parties time to properly respond to the claim made by the Fund. We do not expect the new date to have any impact on the timing of closing of the plan of arrangement,...