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:
“I hate this shallow Americanism which hopes to get rich by credit, to get knowledge by raps on midnight tables, to learn the economy of the mind by phrenology, or skill without study, or mastery without apprenticeship, or the sale of goods through pretending that they sell, or power through making believe you are powerful, or through a packed jury or caucus, bribery and “repeating” votes, or wealth by fraud.”
—Ralph Waldo Emerson (1803–1882)
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—Friedrich Nietzsche (1844–1900)