C M Y K C M Y K WEATHER TINGS TOUGH McDOUBLE FOR $3.79 ANY TIME...ANY PLACE, WE’RE #1 HIGH 79F The Tribune LOW 63F BAHAMAS EDITION SUNNY AND www.tribune242.com BREEZY Knowles and C M C M Y K Y K Bhupathi lose THE TRIBUNE S FRIDAY, NOVEMBER 27, 2009 T Volume: 106 No.6 FRIDAY, NOVEMBERSECTION B •
[email protected] 27, 2009 PRICE – 75¢ (Abaco and Grand Bahama $1.25) CARS FOR SALE, R Shareholder battle at Colina General By NEIL HARTNELL Tribune B to nemesis usiness Editor * Majority investor: It was a fair offer ‘by any stretch of the imagination’ shareholder dispute has * Minority investor: I’m being squeezed out O erupted at Colina Gen- eral Insurance Agency, with a 25 per cent Bahamas First chief and ex-Colina principal in A. F. Holdings, the Holdings itself, and Colina General, He is also demanding that the miAnorit y inv estor alleging the com- General president and chief execu- majority owner of Colina General, which have been filed with the court order Colina General to pro- pany’s ma jority shareholder is tive, has taken his “shareholder told Mr Walker that their proposed Supreme Court by their attorneys, vide audited financial statements for attempting to “squeeze me out” and oppression” complaint to the offers would see him earn a return Alexiou, Knowles & Co, show they its 2007 and 2008 fiscal years, and undervaluing his stake, and the latter Supreme Court, filing a summons in on investment of between 136.8 per all intend to defend the matter and that Colina General distribute “at countering P that its offers represent- which he is urging the court to order cent and 771.2 per cent, depending that they deny Mr Walker’s claims.