update on news - fyi

  1. 8,801 Posts.
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    i understand that the seller is Cooper.
    it is not known who buyer is, but appears to have gone to a number of purchasers.
    the departure of MD was NOT acrimonious at all, and that the Board was sorry to lose MD -they felt he did a good job.
    they are now looking for a replacement, but have plenty of experienced personnel to keep the company operating as per schedule.
    they think loss of Cooper is a plus as it gets rid of overhang of stock.
    it seems that 2 events may be coincidence - but i am not convinced!
    cheers
 
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