Husky: Shareholder to Back Out
Following Robert Schads decision to consider a sale of his shares, Husky Injection Molding Systems Ltd., Toronto, Canada is presently reviewing the possibility of a sale of part or all of the company’s shares or a strategic combination with another business. Robert Schad, Chairman of the Board and Husky’s largest shareholder, stated his regret about the fact that Husky’s strong competitive positiont is not reflected in its current market valuation.
While the management fully supports the decision to consider Husky’s future it also makes clear that this review will not necessarily result in any specific strategic or financial transaction.
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