BRIEF-Target Canada gets sanction order from court approving second amended joint plan of arrangement

Thu Jun 2, 2016 1:46pm EDT
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June 2 (Reuters) - Target Canada:

* Obtained sanction order from Ontario Court approving second amended and restated joint plan of compromise and arrangement

* Expects to begin implementation of amended plan about June 28, 2016

* Sanction order authorizes distribution of funds to Target Canada's creditors pursuant to amended plan

* Target Canada Co says initial distributions to creditors should commence on or about July 6, 2016 Source text for Eikon: