Canadian Plastics

Husky’s Schad sells 3.8 million shares (February 01, 2006)

Canadian Plastics   



The founder and significant shareholder of Husky Injection Molding Systems Ltd. Robert Schad, has privately sold 3.8 million shares of Husky to two purchasers. The sale represents approximately 7.5 pe...

The founder and significant shareholder of Husky Injection Molding Systems Ltd. Robert Schad, has privately sold 3.8 million shares of Husky to two purchasers. The sale represents approximately 7.5 per cent of Schad’s holdings in Husky.

The majority of proceeds from the sale of shares will be applied to charitable causes in which Schad is involved. Schad said that he does not intend to sell further shares of the Bolton, Ont.-based Husky for a minimum of two years.

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