MOSAIC FOR SALE
By Adnews Staff
Toronto-based Mosaic Group has hired Lazard Frères & Co. of New York to assist in the possible sale of all or part of the company. Mosaic is in the process of restructuring its debt after obtaining a court order under the Companies' Creditors Arrangement Act in Canada last month. At that time Mosaic's U.S. subsidiaries also began proceedings for reorganization under Chapter 11 of the U.S. bankruptcy code.
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