Monday, June 15, 2009

More Chinese Money is on the Prowl. Don't they know it's the end of newspapers?

Shanghai Electric will become the second largest shareholder of Goss -
Printing Industry News from WhatTheyThink:

Monday, June 15, 2009

Shanghai Electric (Group) Corporation (SEC) and the shareholders of Goss International Corporation, including majority shareholder MatlinPatterson Global Opportunities Partners, have reached an agreement for the utility and equipment manufacturing conglomerate to become the second largest shareholder of the printing equipment supplier by acquiring newly issued shares of Goss International preferred stock."

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