Malcolm Board Taken to Task Buy-Out by Brothers Badly Handled, Says 8per Cent-Shareholder
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Summary
THE Stevenson family, which owns 8per cent of the publicly- quoted Malcolm Group, yesterday claimed the board had "let the shareholders down very badly" in the way it had handled a management buy-out bid by brothers Andrew and Walter Malcolm.
David Stevenson was speaking after accepting the [pounds]69.8m, or 105p-a-share, cash bid by the brothers to take the haulage firm back into family hands.See the full content of this document
Extract
Malcolm Board Taken to Task Buy-Out by Brothers Badly Handled, Says 8per Cent-Shareholder
He protested at Malcolm Group's lack of a statement on current trading or on results for the...
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