Augusta seeks to oust NPT board after rebuff over management contract

Fri, 28 Oct 2016

By Paul McBeth Oct. 28 (BusinessDesk) - Augusta Capital, which bought 9.3 percent of listed property investor NPT a month ago, wants to spill NPT's board after being rebuffed with an offer to buy the company's management contract and facilitate a $329 million acquisition. Auckland-based Augusta is seeking a special meeting of shareholders where it wants to dump 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. Augusta wou...

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