Possible Sale
An extraordinary shareholders' meeting in March 2008 rejected any proposal to sell the company, but a New Zealand newspaper article said that John MacLennan who has been the CEO for 22 years had previously been in contact with directors of the Singapore-based shipping line PIL and had asked if they were interested in acquiring Pacific Forum The PFL ships include Forum Rarotonga and Thor Elisabeth; revenue was $59 million and net assets $15.6 million.
Read more about this topic: Pacific Forum Line
Famous quotes containing the word sale:
“People buy their necessities in shops and have to pay dearly for them because they have to assist in paying for what is also on sale there but only rarely finds purchasers: the luxury and amusement goods. So it is that luxury continually imposes a tax on the simple people who have to do without it.”
—Friedrich Nietzsche (1844–1900)
“[T]he dignity of parliament it seems can brook no opposition to it’s power. Strange that a set of men who have made sale of their virtue to the minister should yet talk of retaining dignity!”
—Thomas Jefferson (1743–1826)