Ernst and Young, the Canadian monitors, published their 56th report and posted it on their website. The report contains the details behind the process used to sell the Carling R&D buildings.
At the time of entering CCAA and Chapter 11, there were 3000 people working in the Carling facility. Today there are about 200.
The gross sale price is $208M and the final purchaser was determined after a process which attracted 24 possible candidates.
You can look at the details of the sale on the monitor's website in their reports section, #56.
Tuesday, October 26, 2010
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