“Significant penalty” could result from the investigation, company says
The firm will look for ways to improve employee ownership in the business, Dan Daviau said
Proposed deal ends with standstill agreement and executive changes
The group said there's "no reasonable chance" conditions will be met by a June 13 deadline
Management group no longer ruling out individual asset sales
Equity issuance at lowest level since financial crisis; debt slumps too
The firm is asking regulators for more time after reconstituting a special committee evaluating management's takeover bid
New appointments come a week after four board members opposed to the takeover resigned
The firm appointed Terrence Lyons as director and member of the committee evaluating the bid
The shareholder is pushing for board changes by May 10 and nominated two directors