Examples of Canwest LP in a sentence
In connection with the July 13, 2010 acquisition of Canwest LP, $9.0 million in cash was retained and held in trust by the court appointed monitor (the “Monitor”) to pay certain administrative fees and costs relating to the Canwest LP Companies Creditors Arrangement Act filing (the “CCAA filing”).
Canwest LP previously operated the newspaper, digital media and online assets now owned by the Company.
Net earnings (loss) per share information has not been provided for the partnership units of Canwest LP.
Canwest LP retained $9.0 million in cash to be held in trust by the court appointed monitor (the “Monitor”) to pay certain administrative fees and costs relating to the Canwest LP Companies Creditors Arrangement Act filing (the “CCAA filing”).
These restructuring liabilities consisted of initiatives that were started by Canwest LP and continued by Postmedia Network.
As Canwest LP was under the liquidation basis of accounting for the period from June 1, 2010 to July 12, 2010, the supplementary financial information, which was prepared on a going concern basis, in note 5 of the audited financial statements of Canwest LP did not include a provision for income taxes.
Canwest LP adopted the liquidation basis of accounting as at May 31, 2010 and, as a result, a consolidated balance sheet was not presented.
The Company was incorporated on April 26, 2010 to enable certain members of the Ad Hoc Committee of noteholders and lenders of Canwest LP to purchase substantially all of the assets, including the shares of National Post Inc., and assume certain liabilities of Canwest LP (the “Acquisition”).
In January 2011, the Ontario Superior Court of Justice determined that claims of $15.0 million of certain Typographers (the “Assumed Typographers”) were assumed by Postmedia when Postmedia acquired the assets and business of Canwest LP.
Prior to that, he was Executive Vice President and Chief Financial Officer of Canwest LP since 2005.