Several companies expressed an interest in negotiating for the purchase of Globe. The Board of Lascelles, deMercado & Co. Ltd. instructed its advisors to identify and of those interested parties as a preferred party and allow them the opportunity to undertake full due diligence. One such party has been identified and the due diligence process is now underway. As yet, there has been no final decision to sell Globe and neither is there in place any binding commitment on either side to proceed with any transaction at any price.
