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Imperial Parking Special Committee to Weigh Indications of Interest.
- Article from:
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Canadian Corporate News
- Article date:
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October 14, 2003
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Copyright informationCOPYRIGHT 2003 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Oct 14, 2003 (CCNMatthews via COMTEX)
Imperial Parking Corporation (AMEX: IPK) announced today that the Special Committee of its Board of Directors has received indications of interest from a number of parties for a potential acquisition of the Company. The Special Committee, with the concurrence of the Board of Directors, has determined to explore certain of these preliminary indications.
The Special Committee was formed in January 2003 in order to explore strategic alternatives in light of the decision by Gotham Partners Management Co. LLC to sell its 31% ownership interest in the Company. On May 23, 2003, the Company announced that the ...