Business Services Industry
Taking Stock.(News)
Crain's Detroit Business, November, 2003
Nematron asks shareholders to OK $12.6M sale of company Ann Arbor-based Nematron Corp. has asked shareholders to approve sale of the company to a private firm for $12.6 million, according to the company's proxy statement. The statement was filed Oct. 20. Nematron's board of directors has asked shareholders to approve a proposal to sell all of the company's assets and liabilities to Dorman Industries L.L.C.
The listed business agent for Dorman Industries with the state of Michigan is Daniel Dorman. His address is listed as being in Bloomfield Hills. Shareholders also are being asked to vote on a five-to-one reverse stock split and change the company's name to Sandston Corp. A meeting date has not been set. According to the proxy statement, the board of...
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