Sunday, January 10, 2010

Peladeau watching Canwest newspaper sale

"We'll be watching the proceedings," Pierre Karl Peladeau told The Canadian Press at the centenary celebrations for independent Montreal newspaper Le Devoir. Peladeau said the development may be of interest to his company, noting the Big Five Canadian banks agreed to make what's considered a "stalking-horse" bid setting the base price for an auction that could fetch more than $1 billion.

"We'll see if there are people, institutions, who are interested and we'll determine eventually where we go from there," Peladeau said.

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