Business News • MarketWire • Dissident Shareholder Response to RPT Resources' Delay Tactic and Request for Recommencement of Shareholder Meeting |
Dissident Shareholder Response to RPT Resources' Delay Tactic and Request for Recommencement of Shareholder Meeting |
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Dissident Shareholder Response to RPT Resources' Delay Tactic and Request for Recommencement of Shareholder Meeting
TORONTO, ONTARIO--(Marketwire - Nov. 26, 2010) - As a response to RPT Resources Ltd.'s ("RPT") delay tactics in regards to the dissident proxy circular filed on SEDAR with RPT on November 19, 2010, Mr. Amir Mousavi stated "On November 22, 2010, three days after the filing of the dissident proxy circular, RPT's management suddenly executed a letter of intent to complete a business combination with ArPetrol Inc. in which RPT's management advised that they have been working on for some time. RPT's management also advised shareholders that they cancelled the December 3, 2010 shareholder meeting as RPT would require shareholder approval for the business combination. If RPT's management was working on this transaction for some time, why did RPT's management not do the prudent thing and wait until they had finalized the letter of intent and then include it in the announcement of the shareholder meeting?&nbs
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