TSX:LSG.DB - Post by User
Comment by
Risktaker7on May 21, 2009 7:51pm
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Post# 16007775
RE: control
RE: control Hochschild owns 40% or about 61 million shares of LSG. They purchased the shares in 2 transactions with the 2nd purchase of LSG shares being from FNX totalling about 12 million shares or about 5%. I am not sure if FNX owns anymore shares.
We have a standstill agreement with Hochschild till Dec 2010 to stay at a 40% holding but if you read the actual wording of the agreement it doesnt seem to be written in stone by any means.
What we need is interest from another party with very deep pockets since we no longer have a shareholders rights plan in effect.