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Stock impact report

Colabor Group Inc. Obtains Creditor Protection Under CCAA and Announces the Appointments of Mr. Marc-Antoine Daoust as Chief Financial Officer and Mr. Yanick Blanchard as Chief Restructuri...

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
the Superior Court of Quebec (Commercial Division) (the "Court") has issued an initial order (the "Initial Order") granting the Company and certain of its subsidiaries, Transport Paul-Émile Dubé Ltée, Le Groupe Resto-Achats Inc. and Norref Fisheries Quebec Inc., protection under the Companies' Creditors Arrangement Act ("CCAA"). Raymond Chabot Inc. has been appointed pursuant to the initial CCAA order as monitor of the Company (in such capacity, the "Monitor") in order to assist the Company with its restructuring efforts and to report to the Court. In addition, the Initial Order provides for, among other things, a stay of proceedings against the Company and its concerned subsidiaries, including a stay of creditor claims and exercise of certain contractual rights, and the approval of debtor-in-possession financing (the "DIP Financing") provided by The Toronto-Dominion Bank, The Bank of Montreal and the Bank of Nova Scotia under a secured super priority interim credit facility. The DI Show less Read more
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