Argus Corporation Limited Announces That It Supports The Going Private Transaction Of Hollinger Inc.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Argus Corporation Argus Corporation, based in Toronto, Ontario, is an investment and holding company founded in 1945 by its President E. P. Taylor with minority partners Colonel W. Eric Phillips and Wallace McCutcheon and other investors. Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AR.PR.A)(TSX:AR.PR.D)(TSX:AR.PR.B) announced today that it supports the proposed going private transaction of Hollinger Hollinger may refer to:
The Board of Directors of Argus (the "Board") today received and considered the unanimous recommendation of its Independent Committee that Argus support the Going Private Transaction. The Board then determined that Argus will support the Going Private Transaction which it considers to be in the best interest of all shareholders of Hollinger Inc. Argus indirectly holds 21,596,387 Retractable re·tract v. re·tract·ed, re·tract·ing, re·tracts v.tr. 1. To take back; disavow: refused to retract the statement. 2. Common Shares of Hollinger Inc. (the "Common Shares") which is approximately 61.8% of the outstanding Common Shares. Argus intends to cause the Common Shares it indirectly holds of Hollinger Inc. to be voted in favour of the Resolution of the holders of the Common Shares to approve the consolidation of those shares that is set out in the Management Proxy Circular of Hollinger Inc. dated March 4, 2005. Argus strongly supports that all shareholders of Hollinger Inc. be given the opportunity to vote on the Going Private Transaction at the Special Meeting of the shareholders of Hollinger Inc. that is to be held on March 31, 2005. ARGUS CORPORATION LIMITED (TSX:AR.PR.A) (TSX:AR.PR.D) (TSX:AR.PR.B) |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion