Memotec shareholders voice displeasure

Article Abstract:

Minority shareholders in Memotec Communications Inc. of Montreal, Quebec, criticized the company's officials at its annual meeting on June 26, 1998. Memotec, a maker of data communications equipment, has posted losses since 1995, including a 1997 loss of C$12.2 million, and has not released a new product since 1996. Shareholder Marc Chabot asked board chairman Richard Drouin to resign and volunteered to have a seat on the board to represent the interest of minority shareholders. Company president and CEO Henry David Epstein, meanwhile, promised to return the company to profitability in 1998.

Comment:

Minority shareholders criticize the company's officials at its annual meeting on 6/26/98

Telephone Apparatus Manufacturing, Data Communications Equip, Ontario, Data communications equipment, Article, Memotec Communications Corp.

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Call-Net moves to appease dissident shareholders

Article Abstract:

Call-Net Enterprises Inc, a Toronto, Canada-based provider of local and long-distance telephone service, hired ScotiaMcLeod Inc to look at its strategic options, including a possible sale of the firm, to appease dissident shareholders. A group of shareholders led by New York investment firm Crescendo Partners LP instituted a move to replace the board and seek a buyer for the owner of Sprint Canada Inc.

Use of services, New orders received, Business & Mgmt Consulting, Management Consulting Services, ScotiaMcLeod Inc.

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FPI strikes deal with dissident shareholders

Article Abstract:

Seafood company FPI Ltd. cancels a board meeting and comes to an agreement with dissident shareholders.

Seafood Products, Seafood Product Preparation and Packaging, Misc. Food and Kindred Products, Management, Seafood, Seafood industry, FPI Ltd.

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