Advertisement

American Medical International was informed that Ft....

American Medical International was informed that Ft. Worth-based Investment L. P., one of four investment groups with a major stake in AMI, has withdrawn a proposal that would have given each group a seat on AMI’s board of directors. The four groups collectively own nearly a third of the company. The proposal, submitted to Beverly Hills-based AMI last month, also called for the formation of a restructuring committee that would consider ways to reorganize AMI. Investment L. P. said it was withdrawing its proposal because of the “negative response” that it received from AMI’s management.

Advertisement
Advertisement