Court rejects ouster of Stelco directors

Article Abstract:

Roland Keiper and Michael Woollcombe, who were dismissed from the board of directors of Stelco Inc., by Judge Farley of the Ontario Superior Court, will be reinstated after the ruling issued by the Ontario Court of Appeal. Other Stelco stakeholders had opposed the appointment of the two directors since together they represented twenty percent of Stelco's shares, and so fearing a battle they had gone to court. The appeal court stated that Judge Farley was not authorized to intrude into a company's restructuring process.

Legal issues & crime, Blast furnaces and steel mills, Legal/Government Regulation, Company legal issue, Cases, Appointments, resignations and dismissals, Investor relations, Stelco Inc., Ontario. Court of Appeal, Keiper, Roland, Woollcombe, Michael

---

Mayberry passes the torch

Article Abstract:

John Mayberry, the chairman and chief executive officer of Dofasco Inc. has announced his retirement. Mr. Mayberry, who has worked at Dofasco for ten years out of his 36-year career, has been credited with turning the company into one of the world's leading steelmakers.

Dofasco Inc., Mayberry, John

---

Slater Steel

Article Abstract:

A major reorganization plan by Slater Steel Inc. may include laying off hundreds of workers and reducing plant production. Slater Steel, which is operating under Chapter 11 bankruptcy protection, is expect to close down its operations in Welland, Ontario.

Finance, Company financing, Slater Steel Inc.

Similar abstracts:

• Abstracts: Kmart takeover of Sears would create third-largest U.S. retailer. West Nile fears prompt run on bug repellant
• Abstracts: Union could derail Stelco financing. Looming deadlines have Stelco scrambling. Stelco brass gets an earful from angry shareholders
• Abstracts: Slocan.Canfor agree to forestry merger: $455-million share exchange deal
• Abstracts: Bank may offer Royal group documents. Montreal lawyer sued in Portus case
• Abstracts: Tough talks likely over DuPont. DuPont wins investor battle

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.