Merson, Tory, Aspers in on new bid to buy Canwest

TORONTO – Goldman Sachs has thrown its support behind a new proposal to restructuring Canwest Global Communications and bring it out of bankruptcy protection.A group led by Toronto-based investment fund Catalyst Capital which includes the Asper family, former Rogers Broadcasting chief Rael P. Merson and John Tory, announced today that they have submitted to the Canwest Special Committee a restructuring proposal to facilitate the company's emergence from the CCAA process.The proposal requires no material amendments to the original court filed plan and would maximize the value of the Canwest estate while expediting its exit from the CCAA process as a...