Canwest Global Communications Corp. announced that the Competition Bureau has concluded its review and will not challenge the proposed transaction between Canwest and Shaw Communications Inc. contemplated by the restated consolidated plan of compromise, arrangement and reorganization relating to Canwest, Canwest Media Inc. and certain of its subsidiaries pursuant to the Companies' Creditors Arrangement Act (Canada) and the Canada Business Corporations Act. The Plan was sanctioned by the Ontario Superior Court of Justice (Commercial List) on July 28, 2010.
The Canwest Media Inc. Entities expect to implement the Plan no later than the Fall of this year, subject to the receipt of Canadian Radio-television and Telecommunications Commission approval.
Source: Broadcaster, 08/16/2010