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Article: Black moves to prevent sale of Hollinger International assets without his OK
- Article from:
- AP Worldstream
- Article date:
- January 23, 2004
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AP Worldstream
01-23-2004
Dateline: TORONTO
Canadian holding company Hollinger Inc. has given Conrad Black a veto on any merger or sale of major newspaper assets by Hollinger International, a Chicago-based subsidiary that is in a months-long battle with the Canadian-born businessman.
Toronto-based Hollinger, controlling shareholder of the U.S. publisher, is attempting to introduce corporate bylaws that require unanimous consent of all Hollinger International directors on major matters.
Black resigned as chief executive of Hollinger International and was removed as chairman by the board after a dispute over how he ran the company and whether millions of dollars in payments made to Black and ...