By NEIL HARTNELL

Tribune Business Editor

AML Foods' chairman last night branded the $12 million offer by City Markets principal, Mark Finlayson, to acquire 51 per cent majority control of the BISX-listed food retail group as "not in the best interests of all shareholders", telling Tribune Business it would leave them "at the mercy of an untried and unproven" management team.

Describing the announcement by Mr Finlayson and his Trans-Island Traders vehicle, which last November acquired the 78 per cent majority stake in City Markets' Bahamas Supermarkets parent for just $1, as effectively the first "hostile takeover bid" seen in the Bahamian capital markets, Dion ...

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