RECEIVER NAMED FOR SEAWAY'S LEVY-RUSSELL UNIT
Seaway Multi-Corp Ltd said Peat Marwick
Ltd was appointed receiver-manager of its operating subsidiary,
Levy-Russell Ltd, after it was unable to meet the Canadian
Imperial Bank of Commerce's demand for repayment of loans
totaling about 20 mln dlrs.
    It said the receiver is seeking offers for the sale of
Levy-Russell as a going concern.
 Reuter
