News

    New court documents, a new executive appointment: Seven things we’ve learned in the last 24 hours about the dueling MEC bids

    article-aa

    VANCOUVER — The plan to thwart a deal that would see a private equity firm take retail co-op MEC private became more clear Friday as the group working to assemble a rival bid filed new court documents outlining their efforts. The documents show growing support from financial institutions, other co-operatives and high-net-worth funders, many of whom claim they weren’t given proper notice of the deal or time to come up with an alternative.

    U.S.-based Kingswood Capital Management, meanwhile, continues to prepare for the acquisition, which it expects to close in mid-October, appointing an incoming president and chief operating officer.

    Here are seven things we’ve learned in the past 24 hours.

      Purchase a subscription to read the full article.

      By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.
      Already a subscriber?