SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: originunknown who wrote (1704)4/9/2001 6:07:22 PM
From: Al Collard  Read Replies (1) of 11802
 
originunknown, news on your pick VTA-t:

Ventra declines comment on Proprietary offer


Mr. Spencer Lanthier reports
The Ventra Group feels that it would be premature to comment regarding the
Proprietary Industries takeover offer reported today in Stockwatch.
Spencer Lanthier, chairman of the board of directors of the corporation,
stated that details had not yet been provided to the corporation by
Proprietary and that the board and its special committee, chaired by Ben
Ciprietti, would give careful consideration to any bona fide offer or
acquisition proposal made for the corporation. Mr. Lanthier also stated
that the corporation has established a data room which would be available
to parties which have executed a prescribed confidentiality agreement.
While other parties have executed such an agreement, to date, Proprietary
has not.
"Our board will take all reasonable steps to maximize shareholder value and
we look forward to receiving details from Proprietary of its proposed
offer," stated Mr. Lanthier. "Until further details are provided, it is not
possible for the board to determine whether Proprietary's proposed offer
would constitute a 'permitted bid' under the corporation's shareholder
rights plan or if not, to determine whether it would be advisable to waive
the operation of the shareholder rights plan adopted by the board of
directors of the corporation on March 23, 2001."
(c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News