AML Foods to continue share buy back plan

Tue, Mar 1st 2011, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

AML Foods yesterday said it will continue with its share buy back initiative to arrest "any downward trend" in its stock price and "mop up" undervalued shares that come on to the market, its chairman adding that the recently withdrawn hostile takeover offer had awoken all Bahamian public companies to the need to maintain close relationships with their shareholders.

Praising the Securities Commission for removing the BISX-listed food retail group's share suspension so rapidly, Dionisio D'Aguilar said Mark Finlayson's $12 million 'hostile' bid for a 51 per cent stake in the company had "paved the way" for simi ...

Click here to read more at The Tribune

 Sponsored Ads