|
|
Article: Palo Alto Investors Reiterates its Intention to Pursue Changes to Canadian Superior's Board.
- Article from:
- Business Wire
- Article date:
- June 17, 2009
CopyrightCOPYRIGHT 2009 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)
|
Palo Alto's Nominees Willing to Serve Only as Part of Palo Alto's Slate
PALO ALTO, Calif. -- Palo Alto Investors, LLC ("Palo Alto") today reiterates to the Board of Directors of Canadian Superior Energy Inc. (the "Company" or "Canadian Superior") its belief that delaying changes to the Company's Board is detrimental to the Company and its stakeholders.
Palo Alto believes that an independent and highly qualified board is an effective pre-condition of the Company's ability to emerge from creditor protection under the Companies Creditors Arrangement Act (the "CCAA"). The Company's previous decision to postpone the Annual General Meeting only delays the ...