TORONTO, May 24, 2011 /CNW/ - Blockbuster Canada Co.'s Receiver, Grant
Thornton Limited, has been authorized to initiate a process to identify
parties interested in purchasing Blockbuster Canada's assets and
On May 3, 2011, Grant Thornton Limited was appointed as Receiver of
Blockbuster Canada Co. pursuant to a Court Order made by the Ontario
Superior Court of Justice which made a further Order on May 20, 2011
approving a sale process recommended by the Receiver. While Blockbuster
Canada will be consolidating certain stores in the next few weeks, the
majority of its stores are continuing to operate in the ordinary course
during the process.
"We appreciate the ongoing support of Blockbuster Canada's customers,
employees, suppliers and other stakeholders during this period" said
Michael Creber on behalf of Grant Thornton Limited. "We are hopeful
that the process approved last Friday will result in resolution of the
issues currently facing Blockbuster Canada Co."
Information related to Blockbuster Canada's receivership proceedings can
be accessed at: www.grantthornton.ca/blockbuster.
Grant Thornton Limited is a Canadian Member of Grant Thornton
SOURCE Grant Thornton LLP
For further information:
Michael G. Creber
T +1 416 369 7047