Thursday, October 15, 2009

CanWest to be delisted from Toronto Exchange

Canwest Global Communications Corp. announced Thursday it had received notice of delisting from the Toronto Stock Exchange effective at market close Nov. 13, 2009. Trading in Canwest shares, which sit at 23.5 cents, is to remain suspended.
The media conglomerate's stock was halted Oct. 5 when it filed for creditor protection under a mountain of debt. The company made its first court appearance in Toronto Wednesday where it received approval for a timetable that would see its restructuring completed by the end of January.

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