TORONTO, May 5 /CNW/ - Pursuant to an order of the Ontario Superior
Court of Justice dated May 3, 2011, Grant Thornton Limited was
appointed as Receiver of the assets, undertakings and properties of
Blockbuster Canada Co. ("Blockbuster Canada" or the "Company").
The Court Order provides the Receiver with the authority to operate
Blockbuster Canada's business and assess the various options available
for the Company and its stakeholders. The Company's stores are open for
business. The Receiver expects to initiate a process in the near term
to identify parties interested in purchasing Blockbuster Canada's
enterprise and assets.
A copy of the Court Order and 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