The committee of four independent Guardian Holdings directors, which is overseeing the board's response to the takeover bid from NCB Financial Group is due to discuss complaints made by minority shareholders with attorneys today.
The Trinidad Express newspaper reports that last Friday, a group of minority shareholders of Guardian Holdings met with the chief executive of the Trinidad and Tobago Securities and Exchange Commission, Hayden Gittens, and other senior officials.
This programme reported yesterday that complaints had emerged in Trinidad and Tobago regarding NCB's offer to purchase Guardian Holdings.
Trinidadian company executive Emile Elias, retired stockbroker Winston Padmore, Guardian shareholder Gordon Laughlin as well as minority shareholder rights activist Peter Permell believe the US$174 million offer made by NCB for Trinidad and Tobago-based Guardian Holdings is not enough.
Last month, NCB announced that it had launched a take over bid for Guardian Holdings.
The offer, if successful, would result in NCB acquiring a controlling interest in Guardian.