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Article: K Capital Supports Other Shareholders in Calling for Change at CeWe Color.
- Article from:
- Business Wire
- Article date:
- February 2, 2007
CopyrightCOPYRIGHT 2007 Business Wire. 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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BOSTON -- K Capital is a Boston-based investment manager that owns in excess of 5% of the share capital of CeWe Color Holding AG ("CeWe" or the "Company"). K Capital shares the concerns outlined by M2 in its request to call an EGM dated January 25, 2007 and its press release dated January 31, 2007. Specifically, K Capital is concerned about the following:
1. CeWe management's inability to deliver profitable growth and shareholder returns;
2. CeWe's massive capital expenditure and marketing programs, which lack well-articulated ...