Neither of those entities showed up when it mattered, and no formal bid was received from either of them. All the bids were disclosed in the 6th report. 4.34M was the highest.
You shouldn’t use the term “confidential” regarding this transaction anymore. While the bidding process involved an organized auction where sensitive materials were presented on a confidential basis, with this being a publicly traded company while it was still in business, all material information regarding it has now been disclosed per the law.
Greenfield submitted an LOI only for the shares of Sarnia, but chose not to submit a bid for it. Even if they had, the amount considered would not have covered the debt and the shareholders still would have received nothing. Only their names were revealed as submitting an LOI, a nothing-burger, especially if they really wanted to buy the plant.
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