Gould Inc and Nippon Mining Co have agreed to put all the defence-related interests of the Rolling Meadows, Illinois company into a voting trust when Nippon Mining completes its agreed $1,100m tender offer for Gould: the voting trustees with the duty of protecting the security of the operations will be a retired general, a retired […]
Gould Inc and Nippon Mining Co have agreed to put all the defence-related interests of the Rolling Meadows, Illinois company into a voting trust when Nippon Mining completes its agreed $1,100m tender offer for Gould: the voting trustees with the duty of protecting the security of the operations will be a retired general, a retired admiral and a former undersecretary of defence; units affected include NavCom, which Nippon definitely intends to sell, and Gould Computer Systems, which looks more likely to be sold following the Pentagon requirement that it go into a trust.
