Thread: Kobo trying to untangle itself from Borders mess
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Old 07-20-2011, 03:32 PM   #2
Suzanna
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Posts: 432
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Join Date: Sep 2010
Location: Toronto
Device: Kobo Aura HD, Kobo Arc
Kobo issued a press release about this - Kobo: We’re NOT Borders And We’re Doing Just Fine, Thanks

According to that statement,
Quote:
The Borders shares are subject to the terms of the Kobo shareholders’ agreement which, among other things, restricts their transfer or disposition.
I don't really know much about stocks and shareholder agreements. I wonder if they're petitioning just to let the courts know, hey, we get first right to buy back the stocks as per the terms of the agreement.
Last edited by Suzanna; 07-20-2011 at 03:35 PM.
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