Globe has had a few issues recently with pesky shareholders being a little miffed around the executive pay rates compared with the profits they’re generating… Added to this, the corporate investment group, Mariner, is reportedly making a takeover bid. Mariner has effectively offered $19.7 million for the company which would come as a 5 for 4 share swap. The Hill brothers still own just shy of 70% of the company and it will be up to them if this happens or not. Read The Age article by Eli Greenblat here for more.
November 19, 2012