CBC News learned the name of the company behind a letter of intent to buy the Tolko paper mill in The Pas, Man.
Sources familiar with negotiations on the possible purchase say New York-based American Industrial Acquisition Corporation (AIAC) is the company interested in buying the plant.
The company is privately held and does not publish its financial statements or balance sheets. According to AIAC's LinkedIn profile, the company is "founded on the principal (sic) of acquiring under-performing companies and helping those companies to survive and thrive." read more >>