Gibbs puts up new plan after GPG demerger panned
June 24th, 2010June 25 () – Guinness Peat Group’s Tony Gibbs has heeded the calls of local investors and backed away from a proposal to carve out the Australian assets into a separate listed entity.
Gibbs, a director of the diversified investment company, said it’s become clear to him that the proposal doesn’t have the support of many shareholders and won’t succeed, so he’s going to go out and rally support for an alternative plan. The Gibbs plan would see GPG make a “material cash distribution to shareholders” by the end of the year. It would also restructure the group to enable an “efficient exit” from U.K. threadmaker Coats i
Many young people find that they have the determination, time, and resources to start a business before their 18th birthday. Young entrepreneurs face the same opportunities and challenges that their adult counterparts do, but there are also some legal considerations that apply specifically to this group of budding businesspeople.