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Activists win control of Liquor Stores ahead of annual meeting Add to ...

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Liquor Stores N.A. Ltd. said on Monday that six out of its eight directors would not stand for re-election at the Edmonton-based retailer’s annual meeting after a month-long proxy battle.

These six seats are expected to be filled by nominees of activist fund PointNorth Capital Inc., which owns more than 9 per cent of the company’s common shares. PointNorth, a Toronto-based investment firm, waged a public campaign starting on May 15 that proposed to shake up Liquor Stores by taking control of its board.

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