|
|
Article: Argyle Security and MML Capital Partners Announce Change in Composition of the Board of Directors and Initiative to Develop Strategic and Operational Plans.
- Article from:
- PR Newswire
- Article date:
- October 13, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. 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)
|
SAN ANTONIO, Oct. 13 /PRNewswire-FirstCall/ -- Argyle Security, Inc., (OTC Bulletin Board: ARGL) ("Argyle" or the "Company"), a service and solutions provider in the physical electronic security industry, announced today that it has confirmed and ratified the actions taken by the majority stockholder group led by MML Capital Partners LLC, as advisor to, and on behalf of, Mezzanine Management Fund IV A, L.P. and Mezzanine Management Fund IV Coinvest A, L.P. (collectively, "MML"). As a result, MML has dismissed without prejudice its application with the Delaware Court of Chancery under Section 225 of the Delaware General Corporation Law.
In connection with this ...