Martinrea bracing for challenge of board by former vice-chairman
September 27, 2013 by The Canadian Press
Canadian auto parts maker Martinrea International Inc. faces a possible court challenge from former vice-chairman Natale Rea, who was let go in June 2012.
A press release issued Thursday on behalf of him and his company Rea Holdings Inc., says Rea is considering a formal shareholder request for a special meeting to remove the current directors and elect a new board.
Martinrea says it hasn’t received Rea’s statement of claim, but will respond in due course.
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