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

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.

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