However, Gaardboe’s company, Gaardboe Holdings, which owned 20 percent before it sold out, was interested. Gaardboe issued a call for an extraordinary general meeting and demanded management explain most of the major decisions it had made over the last year. Consolidated Holdings solved the problem by buying out Gaardboe’s interest. A European version of ComputerWorld, translated rather crudely by Google, indicated Gaardbaoe wanted to sell to raise capital for his latest endeavor. There is also a share issue that started in late June that offered pre-emptive shares to existing shareholders. The explanation for expanding the base included making acquisitions, but given everything, I'm wondering if it were an anti-takeover technique. I haven't found English language analysis of this.
COLUMBUS IT BUYS OUT FOUNDER
Columbus IT, the Dynamics VAR based in Denmark, has ended a flurry of activity that ended with the company buying out the holdings of a company that owned by founder and former Columbus IT CEO Michael Gaardboe. A series of stock exchanges filings started rolling at the end of June when a bid was recieved for all Columbus IT shares from EG Holdings. Consolidated Holdings which owned 34 percent of the reselling company’s stock wasn’t interested and directors saw no reason to explore the offer.
