SEAWAY FOOD TOWN, Maumee, Ohio, said it has amended its articles of incorporation so that a simple majority of directors and shareholders, rather than a unanimous vote by the board and a two-thirds majority of shareholders, will be required to approve a merger or similar transaction. Richard B. Iott, president and chief executive officer, said the company has not received any such offers, nor is it soliciting such offers from anyone at the present time. He said the amendments were made "to ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.