Saturday, May 1, 2010

FairFax part of Canwest missed interest payments, to take Canwest private

CCAA public company expropriation fraud
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http://www.paherald.sk.ca/Business/Economy/2009-02-20/article-180907/Canwest-shares-take-beating-on-speculation-the-media-giant-is-near-bankruptcy/1

Quote, "Fairfax chairman and chief executive Prem Watsa would neither confirm nor deny reports that the firm is interested in taking Canwest's operations private."


"We can't say anything about Canwest. Our policy has always been - 23 years now - that we don't talk about our individual investments," Watsa told investors in Fairfax's quarterly earnings call on Friday. "


"Last December, Fairfax increased its stake in Canwest to 22.41 per cent, sparking speculation that it could be looking to buy out the company's minority shareholders."