Augusta drops legal action against NPT, shareholder meeting date still uncertain

By Sophie Boot Jan. 11 (BusinessDesk) - Augusta Capital has dropped its High Court proceedings seeking orders requiring listed property investor NPT to call a meeting of shareholders to discuss its hostile bid, with a notice of meeting to be issued in February. A hearing had been set for Feb. 10. Augusta wants to oust NPT chairman John Anderson and directors Jim Sherwin and Tony Sewell, replacing them with its own chairman Paul Duffy and independents Bruce Cotterill and Allen Bollard. It was seeking a shareholder meeting to vote on the bo...