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Coe Newes McGehee to be sold

Permalink 15/05/08 @ 08:13:27 am, by Admin Email
Categories: Mill Sales/Transfers

The British Columbia Supreme Court has granted an order allowing Coe Newes McGehee to be put up for sale.

“The company’s plan is to be sold as a going concern. We want to keep as much of the business and value of the business intact pending a sale,” Interim CEO David Bowra said. “I think several parties are interested in taking over the business and operating it as a going concern.”

The date for offers has been set for the third week of June, although offers can be entertained earlier, subject to court approval.

Read more: Court approves sale of company (Salmon Arm Observer)

Read more about being laid off from Coe Newes McGehee: Layoffs burn employees

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