Wednesday, June 23, 2010

Now Shaw must deal with unsecured creditors

With an agreement in place that satisfies Canwest Global Communications Corp. shareholders, including the founding Asper family, Shaw Communications Inc. faces its next major obstacle in its pursuit of the lucrative television assets — approval from unsecured creditors. They must sign off on agreement at meeting next month and may not like getting what appears to be about 30 cents on the dollar.

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