News

Pittards’ future hangs in the balance

08/05/2006

Pittards shareholders will vote on Friday, May 12, to decide whether an innovative approach to ridding itself of the overwhelming burden of pension fund debt will save the company. A 75% vote by all shareholders is required and at a series of recent meetings and mailings the company has pleaded for a ‘yes’ vote on the basis that the only alternative is total liquidation.

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