AML bidder: 20 of shares 'locked up'

Sun, Feb 13th 2011, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

The bidder seeking to acquire 51 per cent majority control of BISX-listed AML Foods has told Tribune Business he has "around 20 per cent" of the company's shares 'locked up', and urged the company's investors to note that its sales fell year-over-year at a time when City Markets was "at its lowest point" under previous ownership.

Telling AML Foods shareholders that his $12 million, $1.50 per share, offer was a "referendum on the company's management", not his own, Mark Finlayson, principal of Trans-Island Traders, the 78 per cent City Markets owner, said they also needed to be mindful of ever-increasing comp ...

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