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Gold/Mining/Energy : Noranda (TSE;NOR)
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To: Lorne Larson who wrote (152)2/27/1999 5:08:00 PM
From: David Robinson   of 197
 
My understanding is that each Class will vote 50% of the Directors. EdperBrascan will make sure that they hold enough of one class to have the control/influence that they want, without worrying about the dilution that occurs when shares of the other class are issued to make acquisitions. That is the primary concern right now.

I think there might also be a concern that in the future they'll try to make one class multiple voting, which would concentrate their power.

David.
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