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Court approves MEC sale, ending member-led opposition

MEC and Kingswood ar­gued in court this week that the deal to sell the co-op should be ap­proved quickly be­cause the re­tailer is con­tin­u­ing to lose money.
MEC and Kingswood ar­gued in court this week that the deal to sell the co-op should be ap­proved quickly be­cause the re­tailer is con­tin­u­ing to lose money.
DARRYL DYCK/THE GLOBE AND MAIL

MEC’s sale to a U.S. private-equity company has been approved, ending a bid by a group representing some of its co-op members to try to come up with another plan for the retailer.

The group,...