Thursday, December 3, 2009

CanWest books among the best read on Bay Street

More than 90 groups - from private equity funds to rivals - have expressed interest in combing through CanWest's books as the company and its financial advisers at RBC Dominion Securities Inc. seek up to $65-million in new funding. Of those, about 20 parties have gone a step further, signing the stringent non-disclosure agreement needed to actually look under the hood at CanWest's television properties to see if the company's flagship operation, Global Television, is worth investing in. They include the Jim Pattison Group of Vancouver and former Alliance Atlantis Communications Inc. executive chairman Michael MacMillan.

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