Prices had soared when DeGroote said he would try to find a buyer for all shares of the Burlington company, then fell sharply when he admitted failure(...)
Date12/1/1988
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FormatPicture
NotesOriginal Toronto Star caption: Prices had soared when DeGroote said he would try to find a buyer for all shares of the Burlington company, then fell sharply when he admitted failure and took $499 million for his own shares. DeGroote, 55, wanted to put his estate in order and ensure the company would continue growing eben of he were run over by a truck. He drew applause yesterday when he noted he's still running the company. John Jack of Scarborough said he was a bit disappointed that all shareholders did not do as well as DeGroote, who sold for $20.19 a share, or his son who sold for $21 before the [Incomplete]
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ProvenanceFrom the Toronto Star Archives
CollectionToronto Star Photograph Archive
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Copyright HolderToronto Star (Firm)
Object NumberTSPA_0043035F
DeGroote, Michael George
3/30/1988
Godfrey, Paul Victor, 1939-
9/20/1979
Beaty, Keith
9/23/1985
Ballard, Harold, 1903-1990
3/31/1984