Business News • MarketWire • GrowthWorks Remains Committed to Getting Best Deal for VenGrowth Shareholders, Despite Continued VenGrowth Tactics |
GrowthWorks Remains Committed to Getting Best Deal for VenGrowth Shareholders, Despite Continued VenGrowth Tactics |
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GrowthWorks Remains Committed to Getting Best Deal for VenGrowth Shareholders, Despite Continued VenGrowth Tactics
TORONTO, ONTARIO--(Marketwire - March 26, 2011) - On March 25th, the special committee of the VenGrowth Board (the "VenGrowth Special Committee") issued a press release alleging that the solicitation by GrowthWorks Canadian Fund Ltd. ("GrowthWorks" or "GrowthWorks Canadian Fund") of support for its proposed merger of the VenGrowth Funds into GrowthWorks Canadian Fund (as amended/improved from time to time, the "GrowthWorks Proposal") is "abusive". GrowthWorks sees this tactic by the VenGrowth Special Committee as yet another attempt to silence GrowthWorks, limit VenGrowth shareholder choice and retain absolute control of a review process that from the start has been tainted by conflicts of interest and divided loyalties. VenGrowth's allegation that GrowthWorks' solicitation is abusive and its reference to a complaint it has filed with the OSC are
View More : http://www.marketwire.com/mw/release.do?id=1417976&sourceType=3
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