Northern tried in the fall of 2004 toget control of company:
PPI Proprietary Industries Inc
I cannot remember all the details but they bought a lot of shares on the open market etc, made offers with a number of variations etec. i.e. one was some cash and 30 northern shares for each PPI share. I think they were not successful and I have not researched as to whether they sold its shares in PPI at a good profit !
I recall they were up against some heavy weights in Robert Cudney and Murray Sinclair.
I had got rid of northern shares and then this takeover came up so I followed it but lightly. I could not see a clear picture as to what northern wanted to accomplish.
wally