Graniteville Poised for Posner Board Seat Vote
Graniteville Company shareholders vote Thursday on seating Victor Posner his son Steven and Dante Fabiani to the board. Southeastern Public Service Co. owns 26.1 percent and has steadily increased its stake since January 1982 signaling possible active management gains.
MENTIONED IN THIS ARTICLE
Graniteville Company
Victor Posner
Steven
Posner
Graniteville
Southeastern Public Service Co
Posner Company
Southeastern
Total Posner
Aiken County
Southeastern Public Service Company
Dante C. Fabiani
NVF Company
Sharon Steel Corporation
Pennsylvania Engineering Corporation
Birdsboro Corporation
DWG Corporation
Wilson Brothers
APL Corporation
And
Security Management Corporation
Securities and Exchange Commission
Posner Eyes Board Step at Graniteville After Grudging Buy
The investor known as a raider increases his Graniteville stake to 26.1 percent and weighs a board seat while Evans Products faces losses. Past moves show executives reacting to his buys, with lawsuits and buyouts shaping outcomes, and analysts expect Posner to shift from passive influence to active voting at the upcoming stockholders meeting.
MENTIONED IN THIS ARTICLE
Posner
Graniteville
Graniteville announces employee stock ownership plan shift
Graniteville Company will convert its two pension plans into an employee stock ownership plan controlling about 781000 shares or 15 percent of all Graniteville stock. The move ends pension plans and may boost productivity while returning an estimated 25 to 30 million dollars to the company. The plan begins with $9 million of unissued shares sold to the ESOP trustee, with details due by late May.
MENTIONED IN THIS ARTICLE
Burnup & Simms Inc
UV Industries
Foremost-McKesson Inc
Posner
Foremost
Forbes
Sharon Steel
Burnup & Sims
Graniteville Company
Graniteville
Rate Communications
Dianne Walters
Government openings total exceed 150000 nationwide
Federal state and local job openings exceed 150 000 across skilled and unskilled positions. Write for free rent before midnight Saturday to Government Employment News Service Dept.1484 107 Delaware Ave Suite 1470 Buffalo NY 14202 3073. Send name address and date of birth and enclose one dollar for air mail shipment.
MENTIONED IN THIS ARTICLE
Washington
U.S
Government Employment News Service
Dept
Delaware Ave
Buffalo
Also Mentioned on This Page
D.C
Cathy Hughes
Raniteville Company
Friends of
Posner Investments
Jaws of
Evans Products Co
Portland
Ore
Steven Posner
Evans
Aitken Standard
Aiken
PBM
Edward D. Jones & Co
IRA and Keogh
Ryan Bruorton
Chesterfield St
Edward
D. Jones & Co
Bankers Trust
Internal Revenue Service
IRA
South Carolina
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