Friday, July 30, 2004
Conrad Black fails to delay sale of Daily Telegraph
From the BBC: I've been avoiding this story until something definitive happened and now it seems like it has -- Conrad Black's attempt to halt Hollinger International's sale of the Daily Telegraph to the Barclay brothers has failed -- for now. A U.S. court "threw out an attempt by Hollinger Inc, the firm through which Lord Black controls International, to delay the sale. Hollinger Inc, of which Lord Black is chairman, is to appeal the decision," the BBC reports. "Lord Black had argued the sale, conducted by Hollinger International and due to close on 30 July, was invalid since it had not been put to a full shareholder vote." When will this ever be resolved?
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