|
|
Article: ICO, Travis Street exchange accusations.(Brief Article)
- Article from:
- Plastics News
- Article date:
- February 12, 2001
- Author:
CopyrightCOPYRIGHT 2001 Crain Communications, Inc. 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)
|
The battle over ICO Inc. is heating up, with a dissatisfied investment group asking Nasdaq to investigate the compounder's voting procedures and asking ICO to produce financial records relating to three residential properties the firm leases in England.
ICO responded Feb. 6 with a letter accusing the Houston investment group, Travis Street Partners LLC, of an "ongoing campaign of false information, innuendo and character assassination."
ICO owns plastics compounders Wedco Inc. and Bayshore Industrial Inc.
Travis Street, which is trying to gain control of ICO to sell it to the highest bidder, sent letters Feb. 2 to Nasdaq and Houston-based ICO ...