PREVIEW

... d a press conference at his home in Prestbury. The topic was the threat from other board members to issue a "huge new block of shares" to block his path to becoming chairman.

Smith and his lawyer argued that the board's proposals were invalid and announced that his takeover group would propose their own resolutions at the next general meeting, calling on his allies to side with him.

Everyone expected the next general meeting to be a showdown between Joe Smith, the biggest shareho ...

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