Aif and annual report filedHi guys,
Yesterday Torstar filed its annual information form and annual report on Sedar. No real news, absolutely no details on a transformational strategy...
What is more interesting: Every past year Torstar filed its management information circular, notice of meeting and proxy form at the same day. But not yesterday! Presumably there is a very simple reason for the delay, I don't want to interpret too much into it. Just for your information:-)
But one thing is for sure: Fairfax now holds about 36 % of Torstar's equity, more than the Voting Trust ( about 30%). Even if Fairfax holds only non-voting shares, Fairfax wants at least board representation, if a takeover is not possible at the moment. So possibly the delay has something to do with negotiations regarding a board shuffle. Let's see...