Court approves sale of Becker Cogeneration Plant

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Yesterday the Ontario Superior Court of Justice approved the sale process for the purpose of soliciting interest and opportunities for a sale of the assets and business of the Applicants, 1721027 Ontario Inc. (o/a Becker Cogeneration Plant).

“On March 2, 2016 the Court approved an order (the “Sale Process Order”) authorizing PricewaterhouseCoopers Inc. (“PwC”), in its capacity as court appointed Monitor of 1721027 Ontario Inc., operating as Becker Cogeneration Plant (“Becker” or the “Company”), with the assistance of PricewaterhouseCoopers Corporate Finance Inc. (“PwCCFI”), an affiliate of the Monitor, and KPMG Inc., (the “Restructuring Advisor”), to  conduct a sale process (“Sale Process”) to solicit interest in an acquisition of all or part of the business and assets (the “Assets”) of the Company under a fair and competitive sale process pursuant to which all qualified interested parties will be provided with a fair and equal opportunity to participate in the Sale Process.”

   

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