SaltWire Network and The Halifax Herald insolvent

SaltWire Network and The Halifax Herald insolvent

Yahoo Canada Finance

KSV Restructuring Inc. says several bidders have offered to buy all or part of SaltWire Network and The Halifax Herald. KSV says some non-binding offers would enable the deeply indebted businesses to continue operating beyond the restructuring process. The next step is for KSV to conduct a due diligence process that will determine which bidder to submit binding offers by May 24 at 5 p.m.

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