07:16 AM EDT, 03/27/2026 (MT Newswires) -- Colabor Group (GCL.TO) Friday said it has accepted four binding offers for the "substantial totality" of its assets and operations, and three definitive agreements are being finalized.

The offers were received under Colabor's sale and investment solicitation process (SISP) connected with the company's restructuring proceedings under the auspices of a court-appointed monitor. Colabor obtained creditor protection on Jan. 8.

One definitive agreement, a share purchase agreement with a corporation incorporated to acquire Tout-Pret on behalf of a group of Tout-Pret employees, has been finalized. Colabor has applied for court approval for the agreement and a hearing is scheduled for March 31. If approved, the transaction will be completed early April, a statement said.

The company, a distributor and wholesaler of food and related products, will seek court approval for the other three transactions in the coming weeks. It has also filed an application for approval of a stay of proceedings until May 1.