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IDC stock bid faces board opposition in St Charles county
O J Miller increases offer to 14.50 for 14 000 IDC shares as 15 member board repeats no sale to individuals. Board argues book value plus potential gains justify not treating IDC as personal property while shareholders vow to retain stock. Letter from directors urges investors to keep stock to support local growth and jobs.
MENTIONED IN THIS ARTICLE
St. Charles
O.J. Miller
Industrial Development Corporation
IDC
Miller
Mercantile Bank
IDC Board of Directors
St. Charles County
The
Industrial Development Corporation of
St.Charles County
O.J. Miller, Jr
Mercantile Bank of
Thorley Alderson
Richard Berg
Ralph Borgmeyer
Charles Boswell
Wm. R. Cady, Jr
Russell Emge
J. M. Fitz
Paul Knoblauch
Glen Goellner
Robert McKelvey
Rollin Moerschel
Omar Osiek
Henry Rauch
Henry Sachs
William Wehige