Opponents of MEC sale in talks with backers for last-ditch bid to keep retailer a co-op

A MEC store is seen in Vancouver, B.C. on Tuesday, September 15, 2020. The Canadian Press/Jonathan Hayward

VANCOUVER — A group challenging a private-equity takeover of MEC is in discussions with potential backers for over $100 million in funding—including a possible sale of the outdoor retailer’s real estate holdings—as it races to put together a rival bid that would see it remain a co-operative. 

Save MEC, the group working to thwart the proposed sale, says it needs more time and access to MEC’s confidential financial information before it can finalize its offer. A lawyer representing it will make that claim at a Monday court date, which could end with an adjournment in the group’s favour, or an approved sale and the end of the co-op.

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