Rayat, company founder and longtime majority stockholder
, as Chairman of its Board of Directors.
Crown Auto Holdings Inc (OTC Pink Sheets:CUTO) disclosed on Friday that it was dissolved as of 31 December 2012 after approval of its sole director and its majority stockholder
According to ESI's departing majority stockholder
, David Kooy; "The bottom line will triple nearly overnight.
In a move that will increase its nonwovens holdings, James River, Richmond, Va--which is already involved in the manufacture of air laid materials--recently became the majority stockholder
in Jamont N.
The majority stockholder
disposes of his or her stock and diversifies without having to pay capital gains taxes.
OTC Pink Sheets: "CUTO") announced today that the Company was dissolved, effective December 31, 2012, with the approval of its sole director and its majority stockholder
FNF is the majority stockholder
of FNIS, owning approximately 66% of the outstanding stock of FNIS, and FNF has agreed that it will vote in favor of the merger.
The Company's majority stockholder
has indicated that it intends to purchase up to 3,750,000 shares of the Company's common stock through open market or private transactions including through pre-established trading plans.
Stillwater Mining Company (NYSE:SWC), a US producer of palladium and platinum, declared on Monday a secondary offering of 37,000,000 shares of its common stock by its majority stockholder
, Norimet Ltd.
8% of the voting shares entitled to vote on the matter, has voted in favor of the transaction, which constitutes majority stockholder
together with its affiliates, "MacAndrews & Forbes"), Revlon's majority stockholder
, which is wholly-owned by Ronald O.
HPI"), FastFunds' majority stockholder
, pursuant to which the Company will be retiring 8.